๐จ $BTC /USDT โ Steady Climb or Fakeout? Hereโs What You Need to Know! ๐ง ๐ฐ
Bitcoin ($BTC ) is showing mild bullish momentum, up +0.46% on the day. But with volatility brewing and resistance nearby, is a breakout on the horizon or a trap for late buyers?
๐ Bitcoin Snapshot
๐ต Current Price: $118,524.32
๐ 24h High: $118,856.80
๐ 24h Low: $116,467.02
๐ฆ 24h Volume (BTC): 14,463.50
๐ฐ 24h Volume (USDT): $1.70B
๐ Time Frame: 15m โ 4h โ 1D
๐ Order Book Depth
๐บ Resistance:
โข $118,668.78
โข $118,563.93
๐ป Support:
โข $118,207.46
โข $117,746.14
โข $117,284.81
โข $116,823.49
โข $116,467.02
๐ง Price Protection Zone: Around $116,362.17
๐ BTC Trade Setup โ What to Watch
โ Bullish Above: $118,600
๐ฏ Targets: $119,500 / $120,800 / $122,000
๐ Stop-Loss: $117,800
โ Bearish If Below: $116,800
๐ฏ Targets: $115,700 / $114,000
๐ Stop-Loss: $118,200
๐ง Analysis & Insights
๐น Price is trading above the key $118K zone with decent volume
๐น Immediate resistance at $118.6K โ a breakout here could trigger $120K+
๐น Support holding strong at $116.4K โ breakdown would shift momentum
๐ก Pro Tip:
Watch for a candle close above $118.6K on the 1h or 4h chart โ it could ignite a momentum breakout. But if BTC stalls again near $118.8K, we might see short-term rejection or a false breakout.
๐ฃ Whatโs Your BTC Plan Today? Long or Short?
Drop your bias in the comments! ๐ฝ
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