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$BTC /USDT Market Snapshot – Time to Watch Closely
$BTC has surged from $110,379 to a high of $122,714, currently stabilizing at $121,367 on the 4H chart. The recent rally has shown strong volume and momentum, but now price is consolidating just below the local high. RSI is at 73.8, signaling overbought territory – a possible short-term cooldown ahead.
🔍 Technical Overview:
Trend: Strong Bullish
Support: $120,376 and $117,422
Resistance: $122,714 (breakout level), next $123,331+
Indicators: RSI above 70, MA(7) providing strong support
📉 Trade Setup:
Short Entry: $121,500 – $122,300
Stop Loss: $123,350
Targets:
$120,000
$117,800
$115,000
Pro Tip: If BTC fails to break $122,700 convincingly, expect a pullback toward moving average zones.
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