🚀 *BTCUSD Update: Bullish but Cautious!*
Current Price: 108,747.87
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What’s going on?
Bitcoin is showing strength and may *continue its upward trend*, but there’s a key support level that must hold to avoid a potential pullback.
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Key Levels:
- *Support:* Around105,000 — this is the critical line in the sand
- *Take Profit 1:* 112,500 — first resistance, good for partial profits
- *Take Profit 2:*118,000 — next major hurdle, often triggers more selling pressure
- *Take Profit 3:* 125,000 — strong bullish target if momentum stays strong
*Stop Loss:*104,000 — just below support to protect from downside risk
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Analysis:
BTC is in a *delicate balance* — if the 105k support holds, we can expect continued upward momentum with room to run toward125k. However, a break below 105k could trigger a deeper correction, risking a slide back to95k or lower.
The RSI and volume indicators will be key to watch — overextension might invite some profit-taking or short-term dips, but overall sentiment looks bullish.
Stay alert around support, manage your stops, and ride the momentum carefully! This could be a great phase for swing trading or scaling in for long-term holders. 💰🔥