🚀 Bitcoin Coils Near $118K – Breakout or Breakdown Ahead?
$BTC is trading at $117,800.01, down 1.33%, caught between support and resistance in a tight consolidation. Price is squeezed between key EMAs, suggesting a breakout is brewing, but direction remains unclear. High volume indicates strong interest—but caution is key.
Trade Setup:
Buy Zone: $117,373 – $117,651
Stop Loss: Below $117,000
Target 1: $118,070
Target 2: $119,580