๐ BTC/USDT โ Bulls Still in Control, But Watch This Level! ๐๐น
Bitcoin has surged from 112,650 to a local high of 124,474, riding strongly above the MA(5) and hugging the upper Bollinger Band โ a clear sign of bullish momentum. ๐
However, weโre seeing the first pullback toward the 121,800 zone, which aligns closely with short-term EMA support. The RSI(12) at ~60 shows room for further upside before hitting overbought territory, while the MACD remains in bullish territory.
๐ Key Levels to Watch:
โข Immediate Support: 119,800 โ 120,000
โข Immediate Resistance: 124,500 โ 125,000
โข A strong breakout above 125K could open the door to 127,000+ ๐
๐ Trading Idea:
โข Aggressive Bulls: Consider buying dips near 120K with stops below 119K.
โข Cautious Traders: Wait for a confirmed break and retest above 125K.
The uptrend remains intact, but always protect your capital โ Bitcoin loves to surprise. ๐
