๐ $BTC /USD Market Snapshot
Current Price: $118,900
Change: +$700 (+0.59%)
High: $125,000
Low: $122,500
Volume: 74 BTC (short-term)
Support/Resistance Levels (based on visual levels and round figures):
Support Zones: $115,000 โ $112,500 โ $110,000
Resistance Zones: $120,000 โ $122,500 โ $125,000
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๐ ๏ธ Quick Technical Outlook (Based on 1m, 30m, 1h, D timeframes)
1M / Daily Chart Overview:
Macro Bullish: If price sustains above $118,000โ$120,000, next key resistance is at $125,000.
Breakout above $125,000: would open potential targets toward $130Kโ$135K in August.
If rejected at $125K, a retracement to $115Kโ$117.5K is possible.
1H / 30M Chart:
Current Trend: Short-term bullish continuation with slight consolidation.
Holding $118,000 is key to maintain bullish structure.
A breakout above $120,000 with volume could initiate another leg toward $122.5K and $125K.
1-Minute:
Use for scalping only; tight ranges, likely noise unless paired with volume spikes or order book insights.
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๐ Trade Setups to Watch
๐น Breakout Trade
Entry: On a confirmed break & close above $120,000
Stop: Below $118,000
Targets: $122,500 โ $125,000 โ $128,000+
๐น Support Bounce (Pullback Entry)
Entry: Around $115,000โ$117,500 zone
Stop: Below $112,500
Targets: $120,000 โ $122,500
๐น Reversal Short
Entry: If price rejects hard at $125,000 with bearish confirmation
Stop: Above $126,000
Targets: $120,000 โ $117,500
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๐ Strategy Summary
Strategy Entry Trigger Stop-Loss Target Range
Breakout Long > $120,000 < $118,000 $122.5K โ $125K+
Pullback Long $115Kโ$117.5K bounce < $112.5K $120K โ $122.5K
Rejection Short Reversal near $125K > $126K $120K โ $117.5K
