$BTC 🚨 $BTC /USDT at Critical Juncture: Buy or Wait?

Current Price: $118,036 (-0.28%)

RSI(6): 76.05 (Overbought Territory)

Key Levels:

- Support: $116,925 (immediate), $114,408 (strong)

- Resistance: $118,870 (next hurdle), $119,442 (ATH)

Risk Assessment:

1) Overbought RSI warns of potential pullback

2) Volume below MA(5/10) shows weakening momentum

3) Tight 24h range ($116K-$118K) suggests consolidation

Trading Plan:

- Safer Entry: Wait for pullback to $116,000-$117,000 zone

- Aggressive Entry: Only above $118,870 with volume surge

- Stop Loss: $114,300 (3% risk)

- Targets: $119,500 → $121,000 → $123,000

Caution: High probability of correction after recent rally. Dollar-cost averaging recommended over lump-sum buys.