$BTC

/USDT Perp Trading Strategy

📊 Market Insight

Bitcoin is showing mild bullish strength with price hovering around $118,024, gaining +0.42% over the last 24 hours. The price is close to the upper Bollinger Band, indicating potential overextension or a breakout attempt. Volume remains healthy with over 136K $BTC traded, suggesting sustained interest.

🎯 Entry

Buy Zone: $117,300 – $117,800

(Just above the middle Bollinger Band, taking advantage of pullbacks)

🚀 Targets

Target 1: $118,800 (recent local high)

Target 2: $119,800 (psychological resistance)

Target 3: $121,200 (potential breakout extension)

🛑 Stop Loss

Stop: $115,300

(Below Bollinger Band support and key horizontal level)

🔍 Key Levels

Support: $117,150 / $116,600 / $115,300

Resistance: $118,800 / $119,800 / $121,200

Pivot: $117,650 (Bollinger Band middle)

💡 Pro Tip

If BTC breaks and closes above $118,800 on strong volume, consider adding to your position on retest for a swing toward $121K+. But beware of false breakouts — wait for confirmation on the 15m–1h chart before jumping in.

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