$BTC #BTC
🔍 Technical analysis (1H):
1. Current trend:
• Short-term bullish. Strong recovery from 117,000 with recent breakout of the 119,500 level.
• EMA 7 and 25 crossed upwards, EMA 99 also trending upwards.
2. Supports and resistances:
• Immediate resistance: 120,100 – if broken with volume, BTC could continue upwards.
• Key support: 118,200 (previous retracement).
• EMA 25 as a possible rebound zone: 118,800.
3. Volume:
• Increasing volume during the recent impulse, validating the bullish movement.
• More confirmation is needed for a sustained breakout.
4. MACD:
• MACD in bullish crossover and in positive territory, increasing momentum.
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✅ Conclusion:
• The price is close to breaking key resistance. Wait for confirmation or retracement to enter.
