$BTC đ High alert analysis đđ
BTC/USDT Price Action Update đ„
Current Price: $119,933 (+1.28%) đ
Bitcoin is holding strong after a bullish breakout! đȘ
Letâs break it down technically:
đč Support Levels:
$118,217 (EMA 7) đĄ
$113,127 (EMA 25) đŽ
Strong historical support around $107,957 đĄïž
đč Resistance Zones:
Immediate resistance at $123,218 â the recent local high â ïž
Major psychological barrier near $125,000 đŁ
đ MACD & Volume Signal:
MACD still bullish, though momentum is flattening đ
Volume shows strength, but possible consolidation ahead đ
đWhatâs Next?
If BTC breaks above $123K with volume, we might see a push toward $125Kâ$128K range đ„
But failure to break resistance could lead to a retest of $118K or lower đ§š
đ§ Strategy Tip:
đą Bullish breakout traders: Watch for volume confirmation above $123K
đŽ Short-term bears: Look for rejection candles below $120K for scalp entries
đ Stay sharp. Support holds the floor, resistance tests your nerves.