📉 Bitcoin Daily 📈

🎯 Key Levels to Watch:

• Above: 117592 / 118850 / 119423

• Below: 115697 / 114150 / 113520

🔥 BTC Liquidation Heatmap:

• Above: 117900 / 118520 / 119707

• Below: 115170 / 114187 / 113020

#Bitcoin recently surged to $117,592 before retracing to the daily 20-SMA, which aligns with the Point of Control (POC) for both New York and Tokyo sessions. This level acts as a strong support/resistance zone for lower time frame price action. BTC may now either consolidate between this level and ~$117,600 for another leg up or pull back to retest the developing quarterly VWAP.

From a risk management perspective, shorting below $118,000 is risky—wait for price action confirmation at that level before deciding. For longs, it’s prudent to wait for a significant dip. Yesterday’s market sentiment was overly bullish, with social media buzzing about an altcoin season and a massive bull run. This suggests too many traders are trapped long, and the market may punish them with a pullback, potentially driving $BTC down to at least $115,200.

⏰ Alarms set for: 117592 & dev Quarter VWAP