๐จ $WBTC /USDT โ Calm Before the Storm or Cooling Off? ๐งโก
#Wrapped Bitcoin is treading water near $117,298, showing a slight pullback after testing highs at $118K+. With tight consolidation and long-term support nearbyโis a breakout or breakdown next?
๐ Market Overview
๐ Current Price: $117,298.05
๐ 24h High: $118,035.74
โ๏ธ 24h Low: $116,382.62
๐ Parabolic SAR: $106,838.11 (Uptrend still intact)
๐ MACD Momentum:
โข DIF: 117,298.05 (Flat)
โข DEA: 114,288.09
โข MACD: +3,009.96 (Mild bullish bias)
๐ WBTC Trade Setup โ Key Levels to Watch
๐น Bullish Scenario (If WBTC holds above $117,000):
โข Entry: Above $117,600
โข Targets: $118,700, $119,250, $121,000+
โข Stop-Loss: $116,300
๐น Bearish Scenario (If WBTC breaks below $116,300):
โข Entry: Below $116,300
โข Targets: $114,000, $111,800, $109,300
โข Stop-Loss: $117,600
๐ Should You Hold or Sell?
โ Price holding well above MA(99) at $113K = long-term bullish
โ MACD positive, SAR far below = trend intact
โ ๏ธ Volume low (only 1.18 WBTC) = breakout may lack strength without confirmation
๐ก Pro Tip:
๐ A reclaim of $117,600 with rising volume can trigger a breakout to $121K+
โ ๏ธ Losing $116,300 support opens door for deeper correction to $114K or lower
๐ข WBTC whispering consolidation or breakout? Share your thoughts below!
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