🔍 $BTC /USDT Analysis – Strong Reversal from Local Bottom

Current Price: $113,671.22

24H Low: $111,920.00

24H High: $113,914.25

Volume (24H): 11,198 BTC | $1.26B USDT

Bitcoin has rebounded sharply from $111,920, forming a clean V-shaped recovery on the 1H chart. Buyers stepped in aggressively, flipping short-term momentum bullish. Price is consolidating near resistance at $113,900, hinting at potential continuation.

📊 Technical Overview:

Support Zone: $112,750 – $112,000

Resistance Levels: $113,900 → $114,200 → $114,650

Trend Bias (1H): Bullish Momentum

RSI: Neutral-to-Positive (watch for overbought signs above $114K)

📈 Trade Signal – Long Setup:

Entry Range: $113,300 – $113,700

Stop Loss: Below $112,600

Target 1: $114,200

Target 2: $114,650

Target 3: $115,400 (if breakout is strong)

💡 Trading Insight: A breakout above $113,900 with volume confirmation could ignite another leg higher. If BTC fails to hold $113,300, expect a pullback toward $112,750 for re-entry opportunities. Tight risk management is key in current volatility.

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