$BTC /USDT Holds Steady +0.07% as Market Consolidates ⚡
Bitcoin ($BTC ) trades at $111,542.11, after a 24h high of $113,293.29 and a low of $110,766.66. Binance reports active trading with strong participation, reflecting balanced buying and selling near key intraday levels.
🔹 Market Overview
Support: $110,800 – $111,200
Resistance: $112,800 – $113,300
Momentum is neutral to slightly bullish. Short-term RSI is around 55, indicating moderate buying pressure. MACD shows a neutral-to-bullish crossover, suggesting potential consolidation before the next move.
🔹 Trade Setup (Bullish Bias)
Entry Zone: $111,200 – $111,600
Targets: $112,800 → $113,300 → $114,500
Stop Loss: Below $110,800
🔹 Scalp Setup:
Entry: $111,542
TP: $112,800
SL: $111,000
🔹 Volume & Sentiment
Volume is healthy, confirming active participation near support and resistance. Market sentiment remains cautious but slightly bullish as BTC consolidates within a tight range.
🔹 Outlook
$BTC is consolidating with buyers and sellers in balance. A breakout above $112,800 could extend toward $113,300 – $114,500, while dips into $110,800 – $111,200 may attract re-entry buyers.
