Bitcoin has surpassed $118,000 USD, driven by a massive short squeeze, record inflows into ETFs, and institutional backing. Technical indicators (RSI, MACD, cup-and-handle patterns) reflect strong bullish momentum.
🟢 Long strategy:
Look to enter short after a healthy pullback to $112,000–113,000, a level reinforced by support and demand.
Objectives: $120,000 (short term) and then $130,000–135,000 (medium term) if the ETF momentum continues.
Stop loss: below $110,000.
🔴 Short strategy:
If BTC surpasses $120,000 and shows rejection (bearish candle or rejection in RSI), it could initiate a correction.
First target: return to support at $112,000–113,000.
Advance risk at $108,000 or even $102,000 if it loses that range.
Stop loss: just above the most recent high (approximately $121,000).
⚠️ This is not a financial recommendation; cryptocurrencies carry risks and can be very volatile. Always use proper risk management.
💬 What strategy seems most attractive to you in this context? Are you looking for long opportunities in BTC or would you prefer to wait for a correction to enter?
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