🚀 $BTC Flirting with $120K — Breakout or Bull Trap?

Bitcoin is charging ahead, currently priced at $119,000 (+1.41%), riding a strong bullish wave. It’s knocking on the door of its 24h high, but the big question is—will it break through or bounce back?

📌 Key Price Zones

Support Levels: $117,530 → Stronger at $117,224

Resistance Levels: $119,488 (24h high) → Next barrier at $120,057

🟢 Buy Setup

1. Breakout Entry (Aggressive):

Trigger: Break and close above $119,488 with strong momentum

🎯 Take-Profit Targets:

TP1: $120,057

TP2: $121,000

⛔ Stop Loss: Below $118,200

2. Pullback Entry (Conservative):

Trigger: Price pulls back and holds above $117,530

🎯 Take-Profit Targets:

TP1: $119,488

TP2: $120,057

⛔ Stop Loss: Below $117,224

🔻 Sell Signal (Risk Alert)

Trigger: Drop below $117,224 with volume

🎯 Take-Profit Targets:

TP1: $115,004

TP2: $112,477

⛔ Stop Loss: Above $118,200

⚠️ Heads-Up

A rejection between $119,488 – $120,057 could spark profit-taking. Watch out for fake breakouts—volume confirmation is key!

📌 Final Word: BTC is bullish, but stretched. Best trades come with confirmation, not guesses. Stay alert.

$BTC #ArbitrageTradingStrategy #BTCBreaksATH #MemecoinSentiment