📈 Current Situation

🧭 Driving Factors

📊 Technical Analysis (Snapshot for the night of July 14)

Support and Resistance:

⚠️ Risks

✅ Summary at 11 PM:

Price: ~120,200 dollars after surpassing a historical peak.

Short-term: Stability between 118K and 122K.

Potential Exit Points:

✅ Breaking above 123K/124K opens a target of 128K–130K.

❌ Breaking support at 118K triggers a correction towards 114K–117K.

Technical and Fundamental Analysis: Positive despite some indicators of overbought conditions that may lead to a temporary reset.

💡 Technical and Strategic Recommendations

Price Action Proposed Action

Above 123K can use bullish entry points with a stop loss below 122K.

Between 118K–122K waiting for a confirmed breakout or pullback below 118K could represent a re-evaluation entry opportunity, with a stop loss at 117K.

If you would like a more detailed analysis based on real-time candlestick data (which may use metrics such as RSI, MACD, trading volumes), let me know and I will bring you live charts and in-depth analysis.