$BTC rallying in a few moments!!!! 119k 120k 121k- possibl | qashkacrypto on Binance Square

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$BTC  rallying in a few moments!!!! 119k 120k 121k- possibly 124k
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#BTC突破7万大关 #BitcoinForecast 

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$BTC To determine the best support entry for Bitcoin today, let's analyze the current market trends and key levels. Current Price: Bitcoin is trading around $117,900, with a bullish bias above $108,440. The Relative Strength Index (RSI) stands at 75.5, indicating an overbought market but no immediate bearish divergence Support Levels: - $115,580: A crucial support level that has previously provided demand and holds liquidity, making it a probable target if bearish pressure follows through. - $110,527: The 50-period simple moving average (SMA) provides critical support for the current uptrend. - $108,440: Today's VWAP (Volume Weighted Average Price) acts as a bullish threshold. Resistance Levels: - $118,439-$119,000: A supply zone where sellers are stepping in, and a potential area for rejection. - $120,000-$127,600: Fibonacci extension levels indicating potential upside targets Potential Trade Insights: - A short entry targeting the support zone at $115,580 could be considered if the price rejects from the resistance area and forms a lower high, using a stop above $119,000. - Conversely, if Bitcoin breaks above $119,000 with conviction, the bullish trend may continue, targeting $121.3K, $124.6K, and $127.6K Given the current market conditions, a potential support entry could be around $115,580, with a stop-loss above $119,000 to limit potential losses. However, it's essential to monitor the price action and adjust your strategy accordingly. #ChartAnalysis #SHORT📉 #BTC走势分析

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$ALT Get Ready for Long Keep an eye on it! 4H timeframe shows EMA marked point for entry possibility. #altcoins #Altcoins👀🚀 #ALT再质押生态

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