$BTC Updates and analysis

Aftr an intense rally $BTC is now hovering around 119k almost near unterrotial area cooling down around 500 points form ATH. $BTC need to sustain above 120k for further buying and push btc to 132k ,140k. Though it tried to sustain above 120k and also make and intraday high approx 123k but couldn't hold that gain and looses almost 500 points approx.So from this point we can say how important it is for BTC to sustain above 120k for new buying/entry.Lets discuss some important level:

Supports-

S1-16500, S2- 112 to 110.5k ,S3-107k

Resistance-R1-123.500 approx, (above this level unterrotial chart) , psychological resistance- R2-130k

Trend- Highly bullish

sentiment- Positive

Technical- Bullish, Overbought, Cautious - There mey be short term correction.

Strategy - start Buying from first support /Buy on dips /or buy in fraction

Buying zone- Agressive buyer's-116.5k,

investors- 110k to 112k or very safe buying level is 104 to 105k

Stoploss-116k(for aggressive buyer's) 97k or 107 k for investors

⚠️ This is My personal analysis so please do research before subjected to any financial activities.

Hope this helps, happy trading and investing 😊.