#CryptoRally

1. Fundamental Overview

Bitcoin current price (approx): ~$115,187 USD, daily range between ~$114,583 and ~$115,959 .

Market sentiment: Neutral to cautious. RSI levels around mid-range (~42-48 across different frames) suggesting no overbought or oversold conditions .

Macro trigger: Last halving occurred on April 20, 2024, reducing block reward to 3.125 BTC—this cyclical event continues to influence medium-term bullish pressure .

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2. Technical Analysis (1-hour time-frame)

a) RSI & Oscillators

RSI (14) on daily frame ~48.1 (neutral) .

Short-term RSI likely similar—hovering near neutral zone (40–60), indicating balance.

b) Support & Resistance

Range: Support ~ $114,790, Resistance ~ $120,899 from Coinlore analysis .

Bollinger bands: Lower band ~ $111,454, upper band ~ $121,924; SMA mid ~ $116,689 .

c) Overall Technical Summary

Multiple tools trending Neutral; no clear buy or sell bias at this moment .

Platforms like Investing.com show 1-hour summary as Strong Buy—but this may vary dynamically .

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3. Trade Idea (Roman Urdu Explanation)

Type: Short-term range trade (scalping/trend-play)

Trend Direction: Filhaal neutral; limited momentum.

Trade Setup:

Entry zone (Buy): Jab price ~$115,200 ke aas-paas ho aur RSI 40–50 range mein bounce kare.

Stop-Loss (SL): Agar price descend karke $114,600 ke neeche close kare to SL trigger ho.

Take-Profit (TP): Pehla TP @ ~$116,700 (SMA mid), second TP @ ~$120,900 (resistance zone).

Risk/Reward:

SL: ~$115,200 → ~$114,600 (-$600 loss).

TP1: ~$115,200 → ~$116,700 (+$1,500 gain), approx 2.5 : 1 R/R.

TP2: Extension if momentum strong, up to ~$120,900.