$BTC Market Trend: Bullish, Consolidating After Gains
Trade Signal
Entry 1: $118,500 (Current zone - for continuation if it holds)
Entry 2: $118,200 (Buy on pullback towards the middle band)
TP1: $118,700
TP2: $118,900
TP3: $119,100
TP4: $119,300
Stop-Loss: $118,000 (Below recent strong support)
Why This Trade?
Bitcoin has shown a clear upward trend, maintaining price levels above its moving average. The Bollinger Bands are indicating bullish momentum. The current slight pullback is a healthy sign after recent gains, suggesting it might be preparing for another move higher.
Support & Resistance Levels
Support: $118,200 • $118,000 • $117,800
Resistance: $118,700 • $118,900 • $119,100
Market Update for Bitcoin (BTC)
Bitcoin is currently displaying positive momentum, with prices consolidating after a period of gains. Volume indicates continued buyer interest. The overall market sentiment for BTC is bullish, with traders anticipating further upward movement if current support levels hold.
