🚨 Bitcoin Alert! Gearing Up for a Pullback or a Push? 🚨

$BTC

Hello Binance Square Family! Let’s dive into what’s happening with BTC/USDT, share some fresh insights, and explore the roadmap ahead—delivering value with clarity and a 🫶 friendly vibe, all while sticking to Binance Square’s standards!

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🔍 Market Pulse: BTC hanging around $118K–$120K

All‑time high touch: Bitcoin recently scaled to $123,218, then settled back to the $118K–$120K zone .

Short‑term structure: Currently trading within a tightening symmetrical triangle, squeezing between support near $116K–$118K and resistance at $120K .

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📉 Bearish Signals 🔻

1. Trendline Resistance Rejection

BTC is bumping into resistance around $119K–$121K (pennant zone). Failure to break above could signal a pullback .

2. Critical Support in Focus

Key support zones stand at $115K–$116K (Golden Pocket/Fair Value Gap), with deeper levels at $112K–$114K, and strong psychological floors at $110K, $107K, and $100K .

3. Moving Averages Dip

BTC drifting below its medium‑term moving averages would leave it vulnerable to further drops—potentially to $104.5K or even $100K .

4. Death Cross on the Horizon

The 50‑day MA is nearing a crossover below the 200‑day MA—a notorious "death cross"—which has preceded ~13–16% retracements in the past .

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📈 Bullish Scenarios 🌱

1. Breakout Beyond $120K

If BTC surges above $120K–$121K with strong volume, the next level to watch is $123K–$125K, possibly venturing to $130K–$146K .

2. Healthy Continuation Setup

A bounce from the $115K–$118K support could spark a higher‑low structure, and a breakout from the pennant may send BTC toward mid‑$120Ks .

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🛠️ Trading Tips for Binance Square Fam

Stop‑loss smartly: Position stops just below $115K—stay alert near higher timeframe supports ($112K–$114K, $110K).

Scale entries: Buy the dip near $115K–$118K, take partial profits on breakouts — $123K, $125K, and beyond.

Volume is key: Watch for volume spurts during breakouts or breakdowns to validate moves.

Be prepared: Either trend continuation or a retracement to $104K–$110K is possible.

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✅ Quick Recap

Scenario Breakout Path Pullback Path

Best case Hold support → Break $120K → Rally to $125‑130K —

Caution scenario False break → Rejection at $120K Slide to $115–$112 till trend re‑established

Bearish outcome — Drop below $110K, test $104–100K zones

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🎙️ Final Thoughts

Bitcoin is at a critical inflection point—straddling the line between bullish continuation and potential retracement. 🧠 Stay smart, use solid risk management, and keep binoculars on $115K–$116K support. Whether you're buying the dip or riding a breakout, stay tuned and stay sharp.

What’s your take—will BTC push through $125K next, or is a deeper slip brewing? Share your thoughts and let’s light up this thread!

Not financial advice. DYOR & trade responsibly.

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