$BTC Bulls Eyeing New Highs! 🚀
#Bitcoin is trading at 118,500 (+1.20%), showing strong bullish momentum after reclaiming the 118,000 support level. The price is now testing a critical resistance zone at 118,740, and a clean breakout could open the door for a sharp rally toward the 119K+ levels. Sustained buying pressure and strong market sentiment are keeping bulls in control.
Support and Resistance
• Resistance: 118,740 – 119,200 – 120,000
• Support: 118,000 – 117,500
Trade Setup
• Entry Zone: 118,300 – 118,500
• Stop Loss: 117,800
🎯 TP1: 118,740
🎯 TP2: 119,200
🎯 TP3: 120,000
Market Insights
$BTC is showing a strong bullish structure on the hourly chart, with rising volume and sustained higher lows. If the price breaks and holds above 118,740, it could trigger a rapid upside move, potentially testing the psychological 120K level in the short term.