Will the BTCUSDT resistance level work? REAL-TIME

The QuantumGrid indicator indicates that 117.603 is a short-term resistance level for the BTCUSDT pair. This is a good time to open a short position at this price level. As you can see on the chart, this level has worked before. If this level breaks, our models predict that the next resistance level will be 124.393.

You might consider opening a short position here with a 3% or 4% stop-loss. Remember to reduce your position to zero if the price declines.

This is a real-time article; a new image will be shared when the chart is refreshed.

Update: The 117.603 level saw a small reaction. The price broke above the level by 0.50% to reach 118.190, before reversing from there to 116.687, falling approximately 0.80% below our entry level. This is sufficient for a high-leverage spot, but it's not the reaction we were hoping for. While the strong uptrend in BTCUSDT appears to be continuing, we still anticipate a pullback to the 115k level. Remember, any support or resistance level will weaken as it is tested, so it's crucial to be very strict and disciplined in risk management.