$BTC ๐ BULLISH CONTINUATION ๐
๐ Bitcoin (BTC) Intraday Strategy & Market Snapshot
Current Price: $118,145
Volume (24h): $803.46M
Trend: Consolidation with bullish breakout potential
Timeframe Focus: 15m, 1h, 4h
Volatility: Medium-High
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๐ Technical Chart Overview
๐งฑ Key Support Levels
$117,600: Near-term support (EMA-20 on 1h)
$116,800: Strong buyer zone (1h trendline & previous breakout level)
๐ Key Resistance Levels
$118,500: Minor local resistance
$119,300โ$120,000: Major breakout zone (4h resistance, Fibonacci 0.786 zone)
๐ Indicators
RSI (1h): ~60 โ Neutral-positive, room to move up
MACD (1h): Bullish histogram continuation
Bollinger Bands: Squeezing on 1h โ Possible breakout ahead
EMA-50/200: Price above both โ Bullish alignment
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โ๏ธ Intraday Trade Setups
๐น 1. Breakout Trade
Entry: Above $118,500 (on 15m candle close with volume surge)
TP1: $119,300
TP2: $120,000
SL: $117,700
Risk:Reward: ~1:2+
๐ Confirmation: Look for bullish engulfing candle or flag breakout.
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๐น 2. Range-Bounce Strategy
Entry: Near $117,600 support (EMA-20 zone)
TP1: $118,200
TP2: $118,500
SL: $117,300
Risk:Reward: ~1:1.5+
๐ก Only enter on bullish candle and rising volume.
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๐ง Market Sentiment
Indicator Sentiment Notes
Funding Rates ๐ข Neutral/Positive Balanced, no excessive leverage risk
Social Buzz ๐ข Bullish $120K breakout hype trending
โ ๏ธ Risk Assessment
Risk Factor Level Remarks
Volatility ๐บ Medium-High BTC prone to 1โ2% hourly swings
Whale Activity ๐ก Moderate Sell pressure near $120K likely
Liquidity ๐ข Strong Clean order books across Binance, Bybit, etc.
News Sensitivity ๐ Watchlist Watch U.S. macro data, ETF updates
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๐ Disclaimer
> This information is provided for educational purposes only and should not be construed as financial advice. Cryptocurrency trading carries significant risk. Always perform your own research (DYOR), implement strict risk management, and never trade capital you can't afford to lose.
