🔍 Market Snapshot
Bitcoin is currently trading around $118,415, flipping between intraday highs of $118,790 and lows near $117,476 . After recent consolidation in the $117K–$120K range, BTC is approaching a decision point.
📐 Key Technical Levels
Support: $117,400–$117,500 → secondary at $115,400–$114,000
Resistance: $118,800–$119,000 → next at $120,700–$122,500
⚙️ Indicator Overview
RSI (4H): ~55 — showing mild bullish bias
MACD (4H): Bullish crossover forming, indicating possible upside
Volume: Rising near resistance — suggests potential breakout momentum
📈 4‑Hour Signal Plan
🟢 Bullish Breakout Setup
Entry: On stable breakout above $118,800–$119,000, confirm with volume
Targets:
1. $120,700
2. $122,500
Stop‑Loss: Below $117,400
🔻 Bearish Breakdown Setup
Trigger: If BTC drops below $117,400 on volume
Targets: $115,400 → $114,000
Bias: Slightly bullish — indicators and volume suggest upside; but stay alert for a decisive breakout or breakdown.
✅ Trade Ideas
Breakout Enthusiasts: Watch $118.8K–$119K closely — volume confirmation = go
Dip Buyers: Plan entries near $117.5K with tight protection
HODL Strategy: Aggressive pullback could be a chance to accumulate in the $115K–117K zone
🛑 Disclaimer: This is for educational purposes only — not financial advice. Always DYOR, use risk controls, and manage your exposure.
💬 What’s your strategy? Will you enter the breakout or wait for a pullback? Drop your plan below 👇
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