$BTC ๐Ÿš€ SKYROCKETING MOMENTUM ๐Ÿ”ฅ

๐ŸŸง Bitcoin (BTC) Short-Term Trading Overview

Current Price: $117,918

24h Volume: $3.38B

Trend: Bullish continuation forming above key levels

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๐Ÿ“ˆ Technical Analysis

๐Ÿ”น Support & Resistance

Immediate Support: $116,400

Key Support Zone: $114,000 โ€“ $115,200

Resistance Levels: $119,200 โ†’ $121,000 โ†’ $123,400

๐Ÿ“Š Indicators

RSI: 66 โ†’ Slightly overbought but strong trend continuation possible

MACD: Bullish crossover active, with widening histogram

EMA Levels:

20 EMA (short-term): Acting as dynamic support (~$116,200)

50 EMA: Confirming trend (~$113,000 zone)

๐Ÿ“Œ Chart Pattern

Ascending Triangle forming between $114,000 and $118,000 โ€“ typically bullish

Breakout Watch: Above $119,200 on high volume โ†’ potential surge to $123K+

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๐Ÿ“‰ Market Sentiment

Institutional Flows: ETF inflows continue for the 3rd consecutive week; strong long bias in options data

Social Sentiment: 78% bullish on X/Twitter (Binance Square sentiment metrics)

๐ŸŽฏ Short-Term Trading Strategy

๐ŸŸฉ Bullish Breakout Strategy

Entry Zone: $117,500โ€“$118,000 (on slight retrace or consolidation)

Take Profits:

TP1: $119,200

TP2: $121,500

TP3: $123,400

Stop Loss: Below $116,000

๐Ÿ“ Watch for strong volume above $119,200 as confirmation of breakout strength.

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๐ŸŸฅ Rejection Scenario (High-Risk Short)

Short Entry: Near $119,200โ€“$120,000 (only if price stalls with divergence)

Take Profit: $116,800

Stop Loss: $121,200

๐Ÿ›‘ Disclaimer

This content is for informational and educational purposes only and does not constitute financial advice. Trading cryptocurrencies involves significant risk and may result in the loss of capital. Always DYOR (Do Your Own Research) and use appropriate risk management. Never trade more than you can afford to lose.

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