🚨 $BTC /USDT Market Snapshot – Time to Watch Closely

$BTC has surged from $110,379 to a high of $122,714, currently stabilizing at $121,367 on the 4H chart. The recent rally has shown strong volume and momentum, but now price is consolidating just below the local high. RSI is at 73.8, signaling overbought territory – a possible short-term cooldown ahead.

🔍 Technical Overview:

Trend: Strong Bullish

Support: $120,376 and $117,422

Resistance: $122,714 (breakout level), next $123,331+

Indicators: RSI above 70, MA(7) providing strong support

📉 Trade Setup:

Short Entry: $121,500 – $122,300

Stop Loss: $123,350

Targets:

$120,000

$117,800

$115,000

Pro Tip: If BTC fails to break $122,700 convincingly, expect a pullback toward moving average zones.

#BTC #CryptoTrading #BinanceFutures #BitcoinAnalysis #TradeSetup

$BTC