$BTC is Gaining Momentum
$BTC /USDT Technical Analysis
Current Price: 116,629
24h Range: 114,737 – 117,077
Trend: $BTC has rebounded strongly from the recent low of 114,737, making a higher high at 117,077 before pulling back slightly. This suggests short-term bullish momentum.
Support Levels:
116,164 (immediate support)
115,650 (secondary support)
114,737 (major support / bounce zone)
Resistance Levels:
116,680 (minor resistance, being tested now)
117,194 (strong resistance and 24h high)
Candlestick Pattern: Recent green recovery candles after a red pullback indicate buying pressure is still active.
Trade Setup
Long Entry (buy): Around 116,200 – 116,400 if price holds above support.
Target 1: 116,900
Target 2: 117,200 (if breakout occurs)
Stop Loss: Below 115,600 to protect downside.
Short Entry (sell): If BTC fails to break 117,200 and shows rejection.
Target 1: 116,200
Target 2: 115,600
Stop Loss: Above 117,400
✅ Bias: Slightly bullish as long as price stays above 116,000. A breakout over 117,200 would open the way to 118k+, while losing 115,600 could turn momentum bearish.