📊 BTC Analysis
Price: $117,304.05 | 24H High: $118,200 🚀
Bitcoin showed strong momentum breaking above $118K, but faced resistance and is now consolidating near $117.3K. The recent drop from $118.8K suggests a short-term pullback. Support is seen near $116,900 and $114,800, while resistance remains at $118,200 and $119,300.
MA indicators are showing mixed signals:
🟡 MA(7) and 🔴 MA(25) are closely aligned, hinting at possible sideways movement.
📈 BTC is still bullish on higher timeframes with 93.08% gain YoY.
Traders can look for a bounce near support or wait for a breakout above resistance for the next move.
✅ Spot scalping is ideal in this tight zone.
⚠️ Use stop-loss below $116K for safety.
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