📊 BTC/USDT Analysis (4-Hour Timeframe)
Current price: $118,588
Your target: $120,000
Remaining increase: About +1.2% more 🚀
📈 Technical Overview
1. Moving Average (MA)
MA(7): 117,783 (price is above short MA → short-term bullish)
MA(25): 115,546
MA(99): 109,909
➡️ All MAs arranged from bottom to top = strong bullish
2. MACD
DIF line above DEA ➕ histogram still small green ➡️ Still some upward momentum although the momentum is starting to decrease
3. RSI (6): 76.98
RSI above 70 = overbought, there could be a small correction ➡️ But if the market is extremely bullish, it might just keep breaking through 💪
🔥 Conclusion:
BTC is very bullish on the 4-hour timeframe. As long as the price stays above MA(7) and does not drop below $117,000, the chances of reaching $120,000 next week are HIGH.
🎯 Entry Strategy:
- Buy on support: between $117,000 – $117,500
- Profit target: $120,000 – $121,000
- Stop loss: below MA25, for example $115,000
🧠 Note:
If BTC breaks $119,000 today or tomorrow, there could be significant FOMO and it might actually break through $120k this week.