$BTC is trading at $119,410.99, reflecting elevated price levels that call for cautious trade planning. Key support sits at $115,500 – $116,200, an area where strong buying activity has repeatedly slowed declines. A secondary, short-term support zone lies between $117,200 – $117,800, offering intraday traders a near-term cushion.
On the upside, resistance is clustered at $121,800 – $122,500, a region where sellers have consistently capped advances. A decisive breakout above this range, backed by strong volume, could point to continued bullish momentum. For risk management, a stop-loss near $114,800 — just below the main support zone — can help protect against steep pullbacks.
A strategic approach would be to accumulate near support and take profits near resistance, while staying alert to shifts in Bitcoin’s trend and overall market sentiment. Sudden volume surges remain a critical signal for validating potential moves.
