$BTC

Targets**

#### **Scenario 1: Bullish Breakout**

- **If BTC holds above $118,050 (support)**:

- **Target 1**: $120,000 (psychological level).

- **Target 2**: $122,332 (24h high, strong resistance).

- **Stop Loss**: Below $117,500 (confirms breakdown).

## **Scenario 2: Bearish Continuation**

- **If BTC breaks $118,050**:

- **Target 1**: $116,000 (next support).

- **Target 2**: $114,500 (lower timeframe demand zone).

- **Stop Loss**: Above $119,500 (invalidates bearish structure).

# **Trading Strategy**

1. **Short-term (5m-1h)**:

- Look for a bounce off $118,050 for a scalp to $120,000.

- If broken, short with target $116,000.

2. **Swing (4h-1D)**:

- Wait for confirmation above $122,332 (breakout) or below $118,050 (breakdown).

3. **Risk Management**:

- Use tight stop losses (~1-2% below/above key levels).

- Watch for RSI divergence (potential reversal signal).

## **Conclusion**

- **Bias**: Neutral-to-bearish short-term, but oversold conditions may lead to a bounce.

- **Key Resistance**: $122,332.

- **Key Support**: $118,050 → $116,000