If you’re shorting crypto or feeling bearish right now, you | CRYPTO PALACE on Binance Square

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If you’re shorting crypto or feeling bearish right now,you might be setting yourself up for a huge mistake.

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#bitcoin has moved strongly above the $118,500 resistance level and is now getting close to its all-time high. The current price is around $122,200, and if it breaks above $123,000, we could see a fast upward move in the market. This rise is being supported by a lot of money flowing into bitcoin ETFs and growing interest from big investors. Experts also say that Bitcoin’s value is now driven more by how many people are using and buying it, rather than just mining costs. Overall, things are looking bullish, but it’s still important to watch for sudden price changes. #BTC $BTC

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#bitcoin has broken out of a symmetrical triangle pattern to the upside, indicating fresh bullish momentum. It’s now approaching a key resistance area around $118,500. If $BTC can close a daily candle above this level, it could open the door for a run toward its previous all-time high, signaling a strong continuation of the overall bull trend. Momentum looks solid, spot trading volume is rising, price action is clean, and major #altcoins are also gaining strength, all signs that the market is heating up. On the derivatives side, open interest is climbing, showing more traders are jumping in. But importantly, funding rates remain stable, meaning there's not too much leverage or risky speculation just yet. This suggests the rally is developing in a healthy way. That said, resistance zones can be tricky. It's common to see price volatility, fakeouts, or brief pullbacks during or after a breakout. So, while the bias is bullish, traders should stay alert around these levels. #ETH4500Next?

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Ethereum Breaks $4K – Is Altseason About to Explode?

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#bitcoin is currently trading just above $116,600, which signals persistence in buyer interest. The price has been forming a small symmetrical triangle on shorter timeframes, this pattern typically reflects indecision in the market and often precedes a breakout. The critical resistance and support levels haven't shifted, they remain key points to watch. A breakout above the triangle could push $BTC toward its recent highs, while a break below might revisit lower zones.

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