🔍 Bitcoin Breakdown or Bounce? Key Levels to Watch!

Bitcoin just saw a sharp correction, dropping over 2% to $117,255 after reaching highs near $123,000. This retracement could signal either healthy consolidation or the start of deeper downside pressure. Immediate support lies around $116,000 – a critical level to hold. A breakdown below may open the doors to $110,000. On the upside, recovery above $118,400 could revive bullish momentum toward $120,000 and $122,000.

Trade Setup:

Entry Buy Zone: $116,000 – $116,500

Targets: $118,000 / $120,000

Stop-Loss: $114,500

Entry Sell Zone (if breakdown): Below $115,800

Targets: $113,000 / $110,000

Stop-Loss: $117,200

#BTCUpdate #BitcoinCrash #CryptoTrading #BinanceFutures #BTCSetup

$BTC