🚀 Bitcoin surpasses $118K 🔥 Is the push to $121K and possible technical pullback coming? ✨️Investment opportunity in the next 24 hours✨️
👇Possible scenarios and strategies below👇
🕓 Time horizon: 24 hours
📊 Key factors for this play
1. 📈 New intraday high on Binance: $118,574 — surpassing the psychological barrier of $118K!
2. 💹 RSI and Stochastic in overbought (>80): strong rebound but possible technical correction.
3. 🧱 Firm support: $117,000–117,200 has held multiple times.
4. 💥 Critical resistance: $119,000–119,500 is the next wall to break.
5. 🧠 Market sentiment: optimistic, but cautious — ideal for quick movements.
🔮 Possible scenarios in the next 24h
📉 1. Technical pullback from overbought zone (50 %)
○ Possible drop to $117,000
○ Quick sell signal if that support is lost
○ Short trade for scalpers
📈 2. Bullish breakout towards $121K (40 %)
○ If it breaks $119,000 with volume, the next target is $120,500–121,000
○ Ideal for buying on breakout or controlled pullback
💤 3. Consolidation lateral movement (10 %)
○ Range between $117,500–119,000
○ Movement without strength until new catalyst (likely on Monday)
🎯 Recommended strategy (express investment)
✅ Ideal entry (buy limit): $117,500
🎯 Take Profit (TP): $119,500
🛑 Stop Loss (SL): $117,000
⏳ Expected duration: 6 to 24 hours