Bitcoin Price Update and Trading Plan

**Current Situation**:
Bitcoin (BTC) is at a critical level, and its weekly closing price is highly important for traders. A strong bounce from the current price, followed by a weekly close above **$114,500**, is needed to confirm bullish momentum. This could lead to a significant upward move, allowing traders to capitalize on the next strong price movement. However, BTC should first retest its key support level, which it previously broke, to confirm its strength. If rejected at this support, a downward move toward **$108,000** is possible.

**Trading Plan**:
1. **Bullish Case**:
- **Condition**: If BTC bounces from its current level and closes above **$114,500** on the weekly chart, it signals strong bullish momentum.
- **Action**: Enter a long position targeting higher levels, such as **$117,200-$120,000**.
- **Stop Loss**: Place below **$114,000** to manage risk.
- **Rationale**: A close above **$114,500** confirms support and sets the stage for the next upward move.

2. **Bearish Case**:
- **Condition**: If BTC fails to hold above **$114,500** and breaks below the key support, it may retest the **$108,000-$110,000** zone, where it previously found support.
- **Action**: Wait for confirmation of a bounce at **$108,000** for a potential long trade, or short if rejection occurs at this level.
- **Stop Loss**: For shorts, place above **$115,000** to limit risk.
- **Target**: A downward move could target **$108,000**, with further declines possible if selling pressure increases.
- **Rationale**: A rejection at **$108,000** after breaking key support indicates bearish pressure, potentially leading to a deeper correction.

**Key Levels to Monitor**:
- **Support**: **$114,500** (immediate), **$108,000-$110,000** (major support zone).
- **Resistance**: **$117,200-$118,000** (immediate), **$120,000+** (next target).
- **Weekly Close**: The weekly close on September 28, 2025, will determine whether BTC confirms bullish strength or signals a deeper pullback.

**Conclusion**:
For a bullish outlook, BTC needs to close above **$114,500** to confirm a bounce and target higher levels. If it fails, traders should prepare for a potential retest of **$108,000**, where a rejection could lead to further downside. Monitor price action closely and use tight risk management due to BTC’s volatility.

*Disclaimer*: Cryptocurrency trading is highly risky. This is not financial advice; always conduct your own research before trading.