$BTC

Current Price: **120,348.21 USD**

#### 24h Change: **-0.17%** (Range: 118,074.99 - 122,335.16)

## Key Observations:

1. **Price Action**:

- BTC is trading near the middle of its 24h range (118,074.99 - 122,335.16).

- The price is above the **EMA (113,690.58)** and **MA (115,981.91)**, suggesting short-term bullish momentum.

- The **Bollinger Bands (BOLL)** show the price is closer to the upper band (122,335.16), indicating potential resistance.

2. **Indicators**:

- **RSI(6): 62.26** (Neutral-bullish, not yet overbought).

- **Stochastic RSI: 50.51** (Neutral, no clear divergence).

- **MACD**: Positive but narrowing (DIF > DEA), suggesting momentum may slow.

- **OBV (On-Balance Volume): -24,503.66** (Slight selling pressure).

3. **Support/Resistance**:

- **Immediate Resistance**: 122,335.16 (24h High).

- **Strong Resistance**: 124,000 - 125,000 (psychological level).

- **Support Levels**:

- 118,074.99 (24h Low).

- 115,981.91 (MA).

- 113,690.58 (EMA).

## Next Targets:

- **Upside**:

- Break above 122,335.16 could target **124,000 - 125,000**.

- Strong volume needed to sustain upward movement.

- **Downside**:

- Break below 118,074.99 could test **115,981.91 (MA)** or **113,690.58 (EMA)**.

## Stop-Loss Suggestions:

- **Long Positions**: Below **118,000** (24h Low).

- **Short Positions**: Above **122,500** (if rejection occurs).