๐จ $BTC /USDT โ Will Bitcoin Smash $120K or Pull Back First? ๐ฅ
$BTC continues to show strength, holding near $118K. With momentum building and volume surging past $3B, is a breakout to $123K nextโor are bears ready to defend?
Letโs break it down ๐
๐ Market Overview
๐ Current Price: $117,982.28 (+0.28%)
๐ 24h High: $118,490.71
โ๏ธ 24h Low: $115,736.92
๐ Parabolic SAR: Not shown (monitor for breakout above $118.5K)
๐ MACD Momentum:
MA(7): 117,711.20
MA(25): 117,201.61
MA(99): 118,465.25
(Price trading above MA(7) & MA(25) = short-term bullish bias)
๐ BTC Trade Setup โ Key Levels to Watch
๐น Bullish Scenario (If BTC Holds Above $117,500):
Entry: Above $118,000
Targets: $120,700, $123,200, $125,000+
Stop-Loss: $115,700
๐น Bearish Scenario (If BTC Drops Below $115,700):
Entry: Below $115,700
Targets: $114,200, $111,000, $108,500
Stop-Loss: $118,000
๐ Should You Hold or Sell?
โ BTC holding above MA(25) shows buyers still in control
โ $3B+ 24h volume signals strong interest and activity
โ ๏ธ Rejection at $118.5K could trigger a sharp dip to $115K zone
๐ก Pro Tip:
๐ A breakout above $118,500 with strong volume = signal for rally toward $123K+
โ ๏ธ Watch the 99 MA at $118,465โthis is a major resistance
๐ข Whatโs your strategyโholding or selling? Letโs discuss in the comments!
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