$BTC USDT – DIPPING INTO DEMAND? LONG SETUP TAKING SHAPE
PRICE NEARS SUPPORT ZONE
SELL PRESSURE COOLING ON LOWER TIMEFRAME
After rejecting at $120,247.80, $BTC has been on a controlled pullback and is now hovering around $118,270, just below the 1H AVL of $118,334. With price nearing a strong support band near $117,700 – $118,000, the current move looks more like a retracement than a reversal.
Trade Setup:
• Long Entry: $118,000 – $118,300
• Target 1: $119,000
• Target 2: $120,000
• Stop Loss: $117,200
This zone has acted as a launchpad in previous sessions, and if bulls defend it again, a bounce could follow swiftly. Watch for bullish candles and volume pickup before entry.
$BTC remains in control as long as the $117K support base holds.
