Short-term outlook (15 m–1 h):
Bullish momentum: Bitcoin has rallied sharply today, moving above its 7-period moving average on the 15-minute chart.
Overbought conditions: Indicators like RSI and MACD (not shown here) often turn back when a price pops this fast—so a pullback or sideways consolidation around the current 118 K level is common.
Key levels:
Support: 117 200 – 116 600 (7 & 25 MA on 15 m)
Resistance: 118 500 – 119 000 (recent swing highs)
Potential scenarios:
Minor pullback to the 117 K zone before resuming upward momentum.
Consolidation between 117 K–118 5 K as bulls and bears battle.
Breakout above 119 K could fuel another leg up toward 120 K+.
Risk reminder: Crypto is volatile—use risk management (stop-loss, position sizing). Past performance doesn’t guarantee future results.
