BTC/USDT TETHER forum
Stop Loss: 118,700
Target 1: 117,700
Target 2: 117,400
Market showing potential for downside move from the marked zone.
Bitcoin continues to move between $116,400 and $118,900, and staying within this range is actually a positive sign, even in bearish scenarios. A decisive close below $114,000, however, could open the door for a deeper and more prolonged correction.
Although BTC hasn’t broken to new highs yet, its ability to hold here means the trend isn’t broken. A strong breakout above $118,900 could lead to a rally toward $123,300 and possibly even $128,000.
🔹 On the 4H chart, BTC seems to have completed its minor correction.
🔹 On the daily chart, the correction remains incomplete – despite dipping to $114,700, the key $112,900 zone hasn’t been tested.
In lower timeframes, BTC remains squeezed within a symmetrical triangle. While it occasionally pokes out, it quickly returns inside — showing indecision.
📌 Direction is unclear at the moment. There’s no strong signal for Long or Short. Waiting for confirmation with volume and a clear breakout is the safer play.
6 months : 434 trades on BTC Perp
Profit/Loss ratio 100% winning trades
Daily Average (6 month) Profit on Capital : 1.34%
