$BTC /USDT – Long Trade Signal
📉 Current Price: 119,945.72
⏱ Time Frame: 1h
📉 Support Level: 117,700.00
📈 Resistance Level: 120,200.00
📥 Entry Zone: 118,700 – 119,950
🎯 Trade Objectives (Take Profit):
• TP1: 120,500
• TP2: 121,300
• TP3: 122,800
🔻 Stop Loss:
• Below 117,300.00
🔍 Technical Analysis:
Bitcoin is showing a strong bullish breakout, with an RSI of 82 indicating strong overbought conditions, but with accompanying volume. The 7 and 25 EMAs are above the 99 EMA, indicating a continuation of the positive trend. The volume in the last hour exceeded $11,453 BTC, and the MACD maintains positive divergence.
The buying pressure and the pattern of consecutive green candles reinforce the momentum. If it breaks and consolidates above $120K, we could see an extension of the rally.
🔔 Advice: Keep a close eye on the next 2 hourly candles. A short pullback could offer a better entry before a new bullish expansion.
