$BTC
🔍 Technical Analysis of Bitcoin (as of July 11, 2025):
📈 Current Price:
$115,634
24-hour Rise Percentage: +4.13%
🔥 Highest Price in 24 Hours:
$116,868
which is very close to the current peak.
🧊 Lowest Price in 24 Hours:
$110,500
indicating clear support below the current price.
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🧠 Chart Reading (4-hour Time Frame):
There is a very strong bullish candle that pushed the price from around $98,200 to $116,868.
The price broke through the previous resistance and appears to be in a "Breakout" phase.
The moving average MA(5) is rising strongly, indicating upward momentum.
The RSI indicator (if activated) will likely be close to the overbought area.
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🧱 Supports and Resistances:
Strong support at: $110,000
Nearby resistance at: $117,000 - $118,000
If the next resistance is broken, potential target: $122,000 - $125,000
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⚠️ Quick Advice:
The rise is strong, but entering now is considered late unless you are a day trader.
Watch the closing of the next candle; if it closes above 117K steadily = confirmation of the bullish trend.
Do not enter a large buy without a stop-loss, especially since corrections can be sudden after a strong rise.
