After peaking at $114,177, BTC dipped to $112,380 and is now holding steady around $113,646, slightly above the MA(60) level ($113,214). This shows buyers are defending support, keeping the mid-term uptrend intact.
Momentum remains cautiously bullish, but indicators show signs of possible consolidation before the next move:
๐ Technical Snapshot:
EMA(5) = 11.18 > EMA(10) = 9.26 โ Bullish short-term alignment
RSI(6) = 64.0 โ Close to overbought, but still healthy
StochRSI โ 48 / 27 โ Neutral, no extreme signals
MACD trend still positive โ Uptrend intact
Levels to Watch:
Support: $113,200 โ $113,300 zone
Resistance: $114,100 โ $114,200 zone
๐ก Strategy Idea (BTC Purchase):
Buy on dips near $113,200โ$113,300 (support zone).
Short-term target: $114,100โ$114,200
Breakout target: $115,000+ if momentum continues.
Stop loss: $112,800
๐ Bias: Bullish but cautious. BTC is holding strong above support, suggesting accumulation before the next push higher. Watch RSI near 70 for overbought signals.
โ ๏ธ Note: Market is highly volatile โ always DYOR before trading.
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