🚨 Analyze $BTC Today: Long or Short? Let's Discuss Together!
#BTCAnalysis #BinanceFeed #CryptoUpdate
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Bitcoin ($BTC ) is making us anxious! The latest price has surpassed $118,900+ and is getting closer to a strong resistance zone at $120K. Many are starting to ask:
"Is it time to long or prepare to short?"
Let's discuss from two sides: technical and fundamental 🔍
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🔍 Technical BTC Today
• Trend: Still bullish, as long as BTC doesn't break down below $118,200
• Strong support: $117,000 – $118,000
• Next resistance: $120,000 – $123,000
• RSI: Starting to enter overbought territory, but no strong distribution signs yet
• Candlestick: Formed a higher-high, a signal of bullish trend continuation
🟢 Meaning: If BTC stays above $118,200, the chances for a long to $121K–$123K are still wide open!
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🌍 Macro Economic Conditions
• US inflation data (CPI) is still high ➡️ The Fed hasn't given any signals to cut interest rates
• BTC ETF: The inflow of funds into ETFs (like IBIT from BlackRock) is still very large!
• Global sentiment: Geopolitical tensions are making investors look for safe-haven assets — one of which is Bitcoin
🎯 Conclusion: Macro factors still favor digital assets like BTC, but don't forget the potential for short-term corrections.
