🚨 $BTC /USDT – Bounce Incoming or Breakdown Brewing? 🧠⚡
#Bitcoin is currently trading at $119,849.87 (+0.94%), just under its 7-day and 25-day MAs. With RSI slipping below 36, the market's watching closely—will bulls defend $118K, or will $115K be tested next?
📊 Market Overview
📍 Current Price: $119,849.87
📈 24h High: $123,218.00
❄️ 24h Low: $118,646.62
📊 Parabolic SAR: $120,686.11 (Trending bearish)
📉 MACD Momentum:
DIF: -510.88
DEA: -457.33
MACD: -107.10 (Downtrend still in motion)
📈 BTC Trade Setup – Key Levels to Watch
🔹 Bullish Scenario (If BTC Holds Above $118,500):
• Entry: Above $120,000
• Targets: $123,000, $125,000, $127,500
• Stop-Loss: $118,400
🔹 Bearish Scenario (If BTC Falls Below $118,400):
• Entry: Below $118,400
• Targets: $116,000, $113,000, $110,500
• Stop-Loss: $120,500
🔍 Should You Hold or Sell?
⚠️ RSI at 35.67 = Bearish momentum but nearing oversold
❌ Price trading under all key MAs = Trend reversal not confirmed
✅ Major support seen between $117K–$118K—watch that zone closely!
💡 Pro Tip:
🔍 Watch for a reclaim of $120.7K (MA25) with volume = potential short squeeze toward $125K+
🚨 Failure to bounce = Bears may drag it toward $113K in the coming days
📢 Are you buying the dip or staying cautious with BTC? Drop your strategy in the comments! 💬
🔥 LIKE & SHARE if you're still bullish on Bitcoin long-term! 🟠🚀