#BinanceTurns8 #Write2Earn $BTC

1. Current Price

Bitcoin: $117,349.11

2. Technical Outlook

BTC trades near the mid-Bollinger band. Short-term KDJ shows overbought signals, but MACD crossovers suggest rebound potential. Daily MACD has turned positive; weekly trend remains bullish. Support: 115,000 / 113,000. Resistance: 124,000. Likely range-bound with an upward bias; a breakout above 124,000 could start a new bullish cycle.

3. Trading Strategy

• Short-term: Accumulate above 115,000, target 118,000, stop-loss below 113,000.

• Medium/Long-term: Breakout above 124,000 → target 150,000, stop-loss below 120,000.

• Aggressive: Light longs near 117,000 with strict risk control.

4. Risk Management

Use tight stop-losses (≤5%). Watch whale moves (>500 BTC). Manage liquidity risks and avoid chasing spikes.

5. Market Insights

Optimism supported by institutional inflows, ETF demand, and UAE adoption, but volatility remains. Macro data and regulations key drivers.

Conclusion: BTC may consolidate with upside bias; dips are buying opportunities, breakout above 124,000 strengthens bullish case toward 150,000.