🚨 $WBTC /USDT – Slow Grind or Breakout Brewing? 🧨💰
$WBTC is up +0.29% at 117,943.31 USDT, pushing steadily toward resistance. With RSI nearing overbought and MACD momentum building—can Bitcoin’s wrapped version break through $118K, or will it get rejected?
📊 Market Overview
📍 Current Price: $117,943.31
📈 24h High: $118,050.00
❄️ 24h Low: $116,749.65
📊 Parabolic SAR: $116,771.41 (Still in bullish territory!)
📉 MACD Momentum:
DIF: 328.40
DEA: 183.10
MACD: 290.60 (Bullish push increasing!)
📈 WBTC Trade Setup – Key Levels to Watch
🔹 Bullish Scenario (If WBTC Holds Above $117,700):
• Entry: Above $118,050
• Targets: $118,690, $119,250, $120,800+
• Stop-Loss: $116,700
🔹 Bearish Scenario (If WBTC Falls Below $116,700):
• Entry: Below $116,700
• Targets: $114,300, $111,800, $109,300
• Stop-Loss: $118,050
🔍 Should You Hold or Sell?
✅ RSI at 69.6 = Almost overbought—momentum is strong but nearing key zone
✅ MACD widening = Bullish momentum gaining traction
✅ Price holding just below resistance—critical decision zone ahead!
💡 Pro Tip:
📌 Watch for a confirmed break and hold above $118,050—this could ignite a push toward $120K+
⚠️ But failure to hold above $117,700 could trigger a pullback—set tight stops!
📢 Long WBTC or waiting for a dip? Let us know in the comments!
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