BTC is currently trading at $118,028, posting a mild +0.29% gain after bouncing from its 24h low of $116,812. The price is attempting to stabilize after a sharp rejection from $123,218, with current action forming a potential base between $115,700 and $118,500 on the 4H chart.
The RSI at 42.31 shows weak momentum but not yet oversold, while MACD remains negative, signaling consolidation without clear bullish confirmation yet.
📈 Key Levels:
Resistance: $118,500
Support: $115,700
🎯 Buy Zone: $117,000 – $118,000
🛡 Stop Loss: Below $115,700
🎯 Target 1: $118,500
🎯 Target 2: $120,300 and higher
🔥 My Take: BTC needs to stay above $117,000 to keep short-term bullish hopes alive. A breakout above $118,500 could trigger a push towards $120,300+ again. Below $115,700, the risk increases — use a tight stop to protect capital.
