$BTC Market Trend: Bullish, Consolidating at Higher Levels
Trade Signal
Entry 1: $118,100 (Current zone - for continuation if it holds)
Entry 2: $118,000 (Buy on pullback towards the middle band)
TP1: $118,300
TP2: $118,500
TP3: $118,700
TP4: $118,900
Stop-Loss: $116,200 (Below recent strong support)
Why This Trade?
Bitcoin has been steadily climbing and is now consolidating at these higher levels. It's holding strong above its key moving average, which signals that buyers are still in control. This kind of consolidation after an uptrend often means it's just gathering strength for another push higher.
Support & Resistance Levels
Support: $118,000 • $117,800 • $117,600
Resistance: $118,300 • $118,500 • $118,700
Market Update for Bitcoin (BTC)
Bitcoin is maintaining its bullish momentum, currently in a healthy consolidation phase after recent gains. Volume remains consistent, showing continued buyer interest. The market sentiment for BTC is positive, with traders looking for a potential breakout to higher price targets if current support holds firm.
