The classic Bulltrap, BTC will not reach 200,000 overnight, the money is very diluted in meme tokens.
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Crypto_Edward
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Bearish$BTC /USDT 🚨 SHARP PULLBACK POSSIBLE
After a strong vertical rally toward $118,741, Bitcoin is showing early signs of exhaustion near the resistance zone. Current 15m candles indicate sellers stepping in, hinting at a possible retracement before any fresh breakout attempt.
Trade Setup (Short-term Pullback Play):
Entry: $118,600 – $118,700
Target 1: $118,200
Target 2: $117,700
Stop Loss: $119,450
Market Outlook:
The uptrend remains intact on higher timeframes, but intraday charts suggest overbought conditions. A controlled dip could refresh momentum for the next bullish leg. Watch $117,700 as key short-term support.
#BTC #Bitcoin #CryptoTrading #PriceAction #ScalpTrade
$BTC
After a strong vertical rally toward $118,741, Bitcoin is showing early signs of exhaustion near the resistance zone. Current 15m candles indicate sellers stepping in, hinting at a possible retracement before any fresh breakout attempt.
Trade Setup (Short-term Pullback Play):
Entry: $118,600 – $118,700
Target 1: $118,200
Target 2: $117,700
Stop Loss: $119,450
Market Outlook:
The uptrend remains intact on higher timeframes, but intraday charts suggest overbought conditions. A controlled dip could refresh momentum for the next bullish leg. Watch $117,700 as key short-term support.
#BTC #Bitcoin #CryptoTrading #PriceAction #ScalpTrade
$BTC
