Today, Bitcoin (BTC) is performing strongly, with the price stabilizing around $118,438, an intraday increase of about 0.5%, and a daily fluctuation range of $116,776–$118,790. From the market performance perspective, Bitcoin maintains an oscillating upward pattern, with clear short-term support and enhanced bullish sentiment.
The main driving forces include the continuous entry of institutions and inflows of ETF funds, driving BTC to hit new highs consecutively, and it is currently still building a base above $118,000. On the technical front, the moving averages are in a bullish arrangement, the RSI is slightly overbought but no obvious correction signals are seen; if it can break through $119,000 in the short term, it will confirm an upward breakout, with targets looking towards the $122,000–$124,500 range.
In summary, it is recommended that traders can build positions in batches on dips between $117,500 and $118,000, and appropriately increase positions when breaking through $119,000. Stop-loss for long positions can be set below $117,000 to control risk. Today's focus includes changes in trading volume during U.S. market hours and the rhythm of macro policy news to determine the next trend direction. $BTC @币安广场
