📊 Bitcoin ($BTC /USDT) Market Update & Trade Setup 📊
🔹 Current Price: $118,018.24 (+0.34%)
🔹 24h Range: $117,143.98 – $118,230.82
🔹 24h Volume: 5,985.98 BTC (~$703.91M USDT)
🔹 Sentiment: Consolidating near resistance
🔎 Analysis
Bitcoin is currently holding above the $118K zone, showing resilience despite testing the $117K support multiple times. This suggests that bulls are maintaining control. A breakout above $118.2K could open the path to retest $120K+ levels, while a failure to hold may drag BTC back toward $116K–115K support.
The market remains cautious but leans bullish short-term, as strong buying volume supports the current range.
🎯 Trade Setup
Long Setup (if BTC holds above $117.5K):
Entry: $118,000 – $118,200
TP1: $120,000
TP2: $122,500
SL: $116,800
Short Setup (if BTC rejects $118.2K):
Entry: $117,800 – $118,200
TP1: $116,500
TP2: $115,000
SL: $119,200
⚡Bitcoin is approaching a decisive breakout zone. Traders should watch closely for a clear move above or below $118.2K before entering positions.