$BTC /USDT 4H Trade Setup
Market Insight:
$BTC is consolidating slightly below recent highs, currently at $118,319.99 (-0.55%). Price is oscillating between the short-term MA(7) at $118,616.95 and MA(25) at $117,821.52, while MA(99) offers medium-term support at $118,023.52. This tight clustering of MAs suggests a likely breakout move soon.
Entry Zone:
$117,500 – $116,200 (ideal re-entry zone near lower support band)
Targets:
$119,075 – Mid-range supply
$119,676 – Range resistance
$121,000 – Round-number breakout target
Stop Loss:
$115,900 – Below key swing low to minimize risk exposure
Key Levels:
Support: $116,200, $115,950
Resistance: $119,075, $119,676, $121,000
Pivot Zone: $118,600 (MA cluster)
Pro Tip:
Watch for bullish confirmation above $118,600 with strong volume. A clean break above $119,675 could trigger a fast move to $121K+. Conversely, a dip to $116,200 with a bounce may offer a strong long entry.
#TrumpBitcoinEmpire #ETHBreaks3700 #StablecoinLaw #StrategyBTCPurchase #NFTMarketWatch