$BTC 🚨 Bitcoin Just Hit $118K — But Is It a Trap?
Massive breakout or a fake pump before the dump? Read this before you FOMO in.
Bitcoin has smashed through the $118K level, marking its highest price in months. Hype is high, fueled by ETF inflows, possible Fed rate cuts, and bullish technicals. But beneath the surface, warning signs are flashing.
📉 What You Must Watch:
RSI is flashing overbought 🚨 — a cooldown may be coming.
U.S. Congress is entering “Crypto Week” — surprise laws could trigger panic or pump.
Some experts warn the current cycle is aging fast, and gains may slow unless new catalysts appear.
🎯 Next Moves:
Bullish breakout: If momentum holds, $130K–$150K is next.
Healthy pullback: Support at $112K–$107K.
Risk of correction: Below $100K if bad news hits.
📌 For Beginners: Don’t chase green candles. Set tight stops & wait for clean entries.
📌 For Traders: Take partial profits near resistance, and watch key support levels.
Stay sharp. Volatility is opportunity—only if you’re ready.
#USCryptoWeek #BTCBreaksATH #bitcoin