📉 BTC Volume Decline and Consolidation! Keep an Eye on These 2 Key Positions, Trend Change Just Around the Corner!
Bitcoin Today's Update
$118.1K (-0.13%), fluctuating in a very narrow range of $117.3K~$118.3K over 24h, MA60 (118K) is the critical line for bulls and bears!
Trading volume has shrunk to 8.5K BTC (about 1 billion USD), and market sentiment is cautious, be wary of spike fluctuations!
🔥 My Strategy
1⃣ Short-term:
Bullish: If it stabilizes above 118.3K, go long, target 120K (stop loss 117.8K).
Bearish: If it breaks below 117.3K, short accordingly, target 116K (strict stop loss 118K).
2⃣ Medium to Long-term:
The 90-day +40% trend remains unbroken, a pullback presents a buying opportunity!
Key levels to watch are weekly support at $115K (30-day average) + $110K (psychological level), place orders to accumulate gradually.
📌 Reminder:
MACD/RSI is neutral to weak, avoid heavy positions before trend change!
The Federal Reserve's interest rate decision is imminent, keep some ammunition ready for direction confirmation!
👉 Do you think Bitcoin can break 120K this week? Share your positions in the comments
