📊 $BTC /USDT Market Analysis & Trade Plan
Current Price: $118,882 (-1.81%)
24H Range: $117,180 – $121,183
Volume: $2.70B
🔍 Market Insights
Bitcoin faced rejection near $121.1K and is now consolidating around $118.8K. Strong buying support remains at $117.1K, which aligns with the 4H demand zone. However, the recent lower highs indicate short-term selling pressure.
If bulls hold above $117.1K, we may see another push toward $121.6K – $123.2K.
If this support breaks, a correction toward $115.8K – $114K could follow.
📈 Trade Setup
Long Entry: $117,500 – $118,000
Targets: $121,200 / $123,200 / $124,800
Stop Loss: $116,800
Short Entry (if $117.1K breaks): $116,900 – $117,200
Targets: $115,800 / $114,500
Stop Loss: $118,200