🔎 Chart Analysis
📉 Current Price
BTC is currently trading at $115,607.
High in the last 24 hours = $118,575
Low = $114,640
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📊 Key Levels
1. Strong Support:
$114,600 → Low of the last 24h, bounced from here.
$112,800 → Next support (close to MA99 and an old strong demand zone).
2. Resistance:
$117,500 → Near MA25, short-term resistance.
$120,100 → Next major resistance (if price goes above here, it will be strongly bullish).
$124,500 → Recent high, major resistance.
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📈 Indicators
MA (Moving Average):
MA(7) = $116,328 → has crossed down short-term, bearish sign.
MA(25) = $117,456 → strong resistance.
MA(99) = $117,016 → mid-level resistance.
MACD: is down, but showing weak bearish momentum in the histogram → means a bounce might be possible in the near-term.
Volume: Buyers have become active around $114,600–115,000 → demand zone looks strong.
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🟢 Buy Zone
A buy entry between $114,800 – $115,200 would be good.
For a more conservative entry, there is a strong buy zone at $112,800 – $113,000.
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🔴 Sell Zone
For short-term trade:
First target → $117,500 – $118,000
Second target → $120,000
For mid-term trade:
If the price crosses $120,000, we can sell up to $124,500.
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🎯 Trade Plan (based on 4H chart)
Entry (Buy): $114,800 – $115,200
Stop Loss: $112,500
Target 1: $117,500
Target 2: $120,000
Target 3 (strong bullish case): $124,500
bye kro
