๐ Updated: 2025-07-12
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๐ Key Observations:
๐ฐ Current Price: $117,766.49 (+1.05% in 24h)
๐ EMAs:
EMA(7): $113,826.20
EMA(25): $109,475.42
EMA(99): $102,671.28
๐ท Price > All EMAs โ Strong Bullish Trend
๐ RSI(6): 86.44 (๐ฅ Overbought)
๐ Stochastic RSI: 100.00 (๐ฅ Overbought, MA at 96.26)
๐ 24h Range: $116,520.33 (Low) โ $118,869.98 (High)
๐ฅ Volume:
24h BTC: 22,447.56
24h USDT: $2.64B โ Strong volume backing the move
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๐ Interpretation:
โ Bullish Momentum: Above EMAs, uptrend intact.
โ ๏ธ Overbought Warning: RSI & Stoch RSI very high โ pullback likely.
๐ Key Resistance: $118,869.98
๐ป Key Support: $116,520.33 โ EMA(7) at $113,826
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๐ฎ Price Prediction:
๐ Short-Term (1โ3 days):
๐ Possible pullback to $116,500โ$115,000 due to overbought indicators.
๐ If $118,870 breaks โ rally toward $120,000โ$122,000.
๐ Medium-Term (1โ2 weeks):
๐ท Trend likely resumes upward after consolidation.
๐ฏ Target: $125,000+, if strong volume continues.
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๐ช Trade Plan
โจ Scenario 1: Pullback Buy (High Probability)
๐ข Entry: $116,500โ$115,000 (support zone)
๐ด Stop-Loss: $114,500
๐ฏ Take-Profit:
TP1: $118,000
TP2: $118,870
TP3: $120,000
๐ Risk-Reward: ~1:3
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โจ Scenario 2: Breakout Buy (Lower Probability)
๐ข Entry: After close above $118,870 with strong volume
๐ด Stop-Loss: $117,500
๐ฏ Take-Profit: $120,000 โ $122,000
โ ๏ธ Wait for RSI to cool below 80 to avoid fakeout.
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โจ Scenario 3: Aggressive Short (High Risk)
๐ด Entry: $118,500โ$118,800 (near resistance, if bearish signals appear)
๐ด Stop-Loss: $119,200
๐ฏ Take-Profit: $116,500 โ $115,000
โ ๏ธ Only if RSI shows bearish divergence.
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๐ก๏ธ Risk Management:
๐ Position Size: โค2% of capital per trade
๐ซ Avoid high leverage (due to volatility)
๐ Use strict stop-loss & trailing stops if >5% profit
๐ฐ Watch Bitcoin ETF flows & macro news
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โ Conclusion:
๐ BTC remains bullish, but overbought signals hint at a possible short-term dip.
๐ Best to buy dips near $116,500โ$115,000.
๐ Wait for confirmation if chasing a breakout above $118,870.
โ ๏ธ Avoid buying into extreme overbought levels without a pullback.
Trade from here $BTC
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๐ก Trade safe & stay disciplined! ๐