$BTC Holding the Line – Bounce or Breakdown Next?
Bitcoin is trading at $118,366, attempting to recover after dipping from local highs. Price is nearing short-term support, while lower highs hint at growing pressure. The next breakout—or breakdown—could shape the near-term trend.
Key Levels to Watch
• Resistance Zone: $118,600 – $118,920
A push above this level may ignite bullish continuation.
• Support Zone: $118,200 – $117,800
A break below could trigger a deeper correction.
Trade Setup – Pressure Mounting in Tight Range
Bullish Scenario
Entry: Close above $118,600
Target 1: $119,200
Target 2: $120,000
Bearish Scenario
Entry: Breakdown below $118,200
Target 1: $117,500
Target 2: $116,800
Bitcoin is showing resilience, but upside conviction is still in question. Watch the volume and breakout levels carefully—momentum could swing either way fast.
