🚨 $BTC /USDT – Is Bitcoin Ready for a Major Move? 🔥
#Bitcoin is consolidating near $118,189 after facing resistance at $119,273. Will it break out toward $120K or drop back to key supports? Let’s analyze!
📊 Market Overview
📍 Current Price: $118,189.55
📈 24h High: $119,273.36
❄️ 24h Low: $116,950.75
📊 Parabolic SAR: $114,469.31 (Uptrend structure holding!)
📉 MACD Trend:
EMA(7): $118,078.25
EMA(25): $118,063.73
EMA(99): $118,172.04
MACD: Neutral zone – awaiting confirmation
RSI (6): Showing mild bullish divergence from support
📈 BTC Trade Setup – Key Levels to Watch
🔹 Bullish Scenario (If BTC Holds Above $117,820):
Entry: Above $118,300
Targets: $119,800, $120,500, $122,000+
Stop-Loss: $117,600
🔹 Bearish Scenario (IfBTC Breaks Below $117,600):
Entry: Below $117,600
Targets: $116,700, $115,580, $114,700
Stop-Loss: $118,300
🔍 Should You Hold or Sell?
✅ EMA cluster at $118,060–$118,170 = critical support zone.
✅ Holding above $117,820 signals strength for a potential breakout.
❌ A breakdown under $117,600 could invite further selling pressure to $116,700 and below.
💡 Pro Tip:
🚀 Watch for a retest of $118,300 with strong volume—this could trigger a rally beyond $120K!
⚠️ Weak volume around $118K could lead to a deeper retest of $116K support.
📢 Are you buying, holding, or waiting for the breakout? Share your strategy!
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