BTC faces critical 114600 resistance—here's what traders should watch

Bitcoin's technical structure is sending mixed signals, with 114600 emerging as a key barrier that could determine the next market direction. Analysts are divided on whether this level will hold or crack under selling pressure.

The bearish scenario is straightforward: if 114600 gives way, the selling could accelerate downward, with September's extreme dip to 100,000 looming as a worst-case target. This isn't hype—the historical precedent makes it a serious consideration for risk management. On the flip side, breaking decisively above 117,000 would likely signal a shift in momentum and reduce downside vulnerability.

Current BTC price sits at $87.56K, but the battle lines in the 100,000-117,000 range remain the focal point for directional clarity.

**Trading observations from the floor:**

For those eyeing long positions, patience is the operative word right now. The setup doesn't yet justify aggressive entries. A more tactical approach: consider shorting near 112,000 from the left side of the move, then reassess as data flows in. This scalping strategy avoids the trap of chasing momentum—a common mistake that drains accounts faster than fundamentals can catch up.

The key principle? Fade the breakout hunters. Shorting from support zones beats chasing extended moves every time.

Watch the 114600 level closely—it's the gatekeeper to what comes next.

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