#BTCAnalysis | #CryptoTrading | #BitcoinUpdate
๐ Current Price: $117,766.49 (+1.05%)
๐น Trend: Strong Bullish
๐ Indicators Flashing Overbought โ Is a Pullback Ahead?
๐ Market Overview
๐ Last Updated: July 12, 2025
๐ช BTC Price Action
24h Range: $116,520 โ $118,870
Volume:
โโ๐ธ BTC: 22,447.56
โโ๐ธ USDT: $2.64B โ Strong buyer activity
๐ Key Indicators:
EMA(7): $113,826
EMA(25): $109,475
EMA(99): $102,671
โ Price above all EMAs โ Clear bullish trend
๐ RSI(6): 86.44 ๐ฅ (Overbought)
๐ Stoch RSI: 100.00 ๐ฅ (Extremely Overbought)
๐ง Technical Insights
โ Bullish Trend Intact โ Momentum remains strong above all major EMAs.
โ ๏ธ Caution โ Overbought conditions suggest a pullback could be imminent.
๐ Resistance: $118,870
๐ Support: $116,520 โ $113,826 (EMA 7)
๐ฎ BTC Price Forecast
๐ Short-Term (1โ3 Days)
๐ป Likely dip to $116,500โ$115,000 range (profit-taking, RSI cooling)
๐ Break above $118,870 could spark a rally to $120,000โ$122,000
๐ Mid-Term (1โ2 Weeks)
๐ Continued uptrend likely after consolidation
๐ฏ Potential Target: $125,000+, if volume sustains
๐งพ Trade Plan
โ Scenario 1: Buy the Dip (High Probability)
๐น Entry: $116,500โ$115,000
๐ป Stop-Loss: $114,500
๐ฏ Targets:
โ- TP1: $118,000
โ- TP2: $118,870
โ- TP3: $120,000
๐ง Risk/Reward: ~1:3
๐ Scenario 2: Breakout Entry (Moderate Probability)
๐น Entry: Confirmed close above $118,870
๐ป Stop-Loss: $117,500
๐ฏ Targets: $120,000 โ $122,000
โ ๏ธ Wait for RSI to drop below 80 to reduce fakeout risk
โ ๏ธ Scenario 3: Aggressive Short (High Risk)
๐น Entry: $118,500โ$118,800 (if bearish divergence forms)
๐ป Stop-Loss: $119,200
๐ฏ Targets: $116,500 โ $115,000
๐ง Use only if RSI shows bearish signals
๐ก๏ธ Risk Management Tips
Use โค2% of capital per trade
Avoid excessive leverage โ market is volatile
Always apply stop-loss and trailing stops
Monitor ETF flows & macroeconomic news for sentiment shifts
โ Final Thoughts
๐ Bitcoin remains in a strong uptrend, but overbought signals suggest caution.
๐ Look to buy dips near $116,500โ$115,000 for a safer entry.
๐ Confirm breakouts before chasing higher levels above $118,870.
โ ๏ธ Avoid FOMO โ trade with discipline and m
anage your risk.
๐ Stay sharp, stay patient. Let the chart guide you.
#BTC #Binance #CryptoTrading #BitcoinUpdate
