$BTC /USDT – Early Signs of Short-Term Reversal on 15-Min Chart
Bitcoin is trading at $116,073, showing a slight recovery after dipping to a 24H low of $114,723. The 15-minute chart shows the first bullish attempt after a strong downward trend from the $119,450 high.
🔍 Key Observations:
Reversal Pattern: BTC has printed a potential bottom at $114,723 and is now pushing higher with increasing green candles.
Parabolic SAR Flip: SAR dots are now below the price, indicating a possible momentum shift toward bullish territory.
Resistance Zones: Immediate resistance sits at $116,566 and $117,606. A break above these could confirm a stronger rebound.
Support Zone: Short-term support lies at $115,500 – $114,700. If price breaks below again, bearish continuation may resume.
📊 Trade Setup (Scalp or Short-Term Swing):
Buy Entry: $115,800 – $116,200
Stop Loss: Below $114,700
Target 1: $116,566
Target 2: $117,600
Target 3: $118,600
Use tight risk management, as this is a counter-trend trade against broader 4H bearish structure.
