🚀 Bitcoin (BTC) $BTC is on a wild ride this week, reaching new all-time highs above $116,000! Institutional demand and strong ETF inflows are fueling this bullish momentum. However, keep an eye on key levels for potential entry and exit points.
Here's what to watch:
* 📈 Bullish Outlook: $BTC is in a strong uptrend, with indicators suggesting continued rise.
* ⬆️ Key Resistance: Immediate resistance at $117,000 - $120,000. A break above could target $130,000.
* ⬇️ Key Support: Critical support levels are $110,000 (previous ATH) and $106,500. A dip below $105,400 could signal a short-term pullback.
Entry Prices:
* Long: Consider entries on dips towards $110,000 - $111,500, or a confirmed breakout above $120,000. DCA (Dollar-Cost Averaging) is wise. DCA 💰
* Short: High risk given current bullish sentiment. Short opportunities might emerge if BTC fails to hold $110,000 or shows strong rejection at $120,000+. 🐻
Always use stop-losses and manage your risk! 🛡️ Happy trading!