$BTC
Based on the daily chart (1D) BTC/USDT that you attached, here is the analysis of major resistance:
🔍 BTC/USDT Resistance Analysis
Current price: 117,016.35 USDT
24-hour High: 117,089.63 USDT
Main resistance levels (closest and significant):
🔼 Potential Resistance Levels:
1. 117,500 – 118,000 USDT
This is a psychological and technical resistance close to the current local ATH (117,089.63).
This area could become a distribution zone where traders take profits.
2. 120,000 USDT
A round number and significant psychological resistance.
Many traders will place sell orders around here, making this the next major target.
3. 122,000 – 123,000 USDT
If BTC successfully breaks through 120K, this area has the potential to be the next target (based on breakout patterns and large accumulation volume).
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📈 Supporting Indicators:
MACD still shows upward momentum (green histogram and MACD line above DEA).
Volume has sharply increased — supporting the validity of the breakout.
The price is far from MA(5) and could be prone to a short correction if it fails to break resistance.
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✅ Conclusion:
The nearest major resistance currently is at 117,500 – 118,000 USDT.
If broken with large volume, the next targets are 120,000 USDT and 122,000–123,000 USDT.
If you want, I can help mark the resistance area directly on the chart or assist in setting up entry/exit strategies.
