$BTC – Uptrend Continuation Setup
Timeframe: 1D
Current Price: 118,140.4 USDT
Setup Overview
BTC remains in a strong uptrend after rebounding from the 74,505 low. It recently reached a new local high at 123,223 and is now pulling back slightly. Price is holding above key support, showing signs of healthy consolidation.
Key Levels
• Support: 113,500 – 115,000
• Resistance: 123,200 – 128,000
Trade Targets
• TP1: 123,200
• TP2: 126,000
• TP3: 128,000
Stop Loss: Below 113,000
Bias: Bullish structure remains intact. As long as BTC holds above 113,500, momentum favors a retest of recent highs and potentially continuation toward new ATHs. Watch for a strong bounce on support to confirm reentry.