๐จ $BTC /USDT โ Bulls in Control or Bearish Divergence? โ ๏ธ
$BTC is holding strong around $118,955.29 (+1.01%), just shy of the recent high at $120K. But with momentum cooling and MACD turning negative, is this a short-term peak? Letโs dive in! ๐
๐ Market Overview
๐ Current Price: $118,955.29
๐ 24h High: $120,063.84
โ๏ธ 24h Low: $117,017.29
๐ MACD Momentum:
DIF: 273.39
DEA: 322.28
MACD: -48.89 (Bearish crossover warning โ momentum fading)
๐ Moving Averages:
MA(7): 119,169.57
MA(25): 118,639.61
MA(99): 118,721.02 (Hovering around key averages โ watch for direction)
๐ BTC Trade Setup โ Key Levels to Watch
๐น Bullish Scenario (If BTC Holds Above $118,500):
Entry: Above $119,200
Targets: $120,500, $123,000, $125,000+
Stop-Loss: $117,000
๐น Bearish Scenario (If BTC Falls Below $117,000):
Entry: Below $116,800
Targets: $114,500, $112,000, $109,000
Stop-Loss: $119,200
๐ Should You Hold or Sell?
โ ๏ธ MACD shows bearish divergence โ short-term caution
โ Price structure still bullish above $118K
โ Holding above MA(25) = mid-term support
๐ก Pro Tip:
๐ A confirmed breakout above $120,000 with volume could invalidate the MACD bearish signal
โ ๏ธ But failure to reclaim $119,500 = short-term correction risk
๐ข BTC holding up strong โ breakout or fading steam? Letโs talk strategies!
๐ฅ LIKE & SHARE for premium crypto insights and trade setups! ๐
