BTC Trade Setup: Dip Buy Zone at 113.8K, Breakout Above 115K1. Trend
BTC is currently in a short-term uptrend (multiple BOS and higher highs).
Price is stalling around Fib 0.5–0.618 zone (114,800 – 114,900).
The uptrend line is still holding for now.
2. Key Levels
Resistance: 114,800 – 115,000 (Fib 0.5–0.618).
Support zones:
113,800 – 114,000 (nearest FVG).
113,200 – 113,400 (previous structure + FVG).
111,800 – 112,200 (deeper FVG if correction extends).
3. Trading Plan (scenarios)
Scenario 1 – Buy with trend:
Wait for retracement into 113,800 – 114,000 zone.
Entry: Buy inside this zone.
SL: Below 113,600.
TP1: 114,800 – 115,000.
TP2: 115,500+.
Scenario 2 – Short-term Sell:
If price breaks below the trendline + closes under 114,000.
Entry: Sell on pullback.
TP1: 113,200.
TP2: 112,200.
4. Outlook
Short-term: Likely to retrace into 113,800 – 114,000 FVG before retesting 114,800 – 115,000 resistance.
If breaks above 115,000, next bullish target is 115,600 – 116,000.
If loses 113,800, a deeper correction toward 113,200 – 112,200 is expected.
