#BTC☀

BTC/USDT (2H) – Technical Analysis Report

Bitcoin is currently trading around $114,282, showing a moderate bullish rebound after a deep correction phase. The price has managed to recover above the key short-term resistance of $113,568, which now acts as a crucial support zone. This recovery move suggests that buyers are attempting to regain short-term control; however, the overall trend structure remains bearish until the price sustains above $117,000.

If BTC continues to hold above $113,500, the next upside targets lie at $117,035 and $119,237. A decisive breakout above $119,200 would confirm a stronger bullish reversal, potentially extending the rally toward $123,000–$126,000 levels.

On the downside, failure to stay above $113,500 could pull the price back toward $111,782 and $108,764, while a breakdown below $108,000 would likely renew bearish momentum, opening the door toward $105,090 and $103,741.

Overall sentiment:

Above $113,500 → short-term bullish bias

Below $113,500 → bearish continuation likely

The market remains in a recovery phase, but a confirmed trend reversal will only occur if Bitcoin sustains above $117,000–$119,000 with strong volume support.