As markets await a major move, digital gold "Bitcoin" continues to reaffirm its strength, hovering around levels of $117,000 – $118,000 after a natural correction from the previous peak. Here’s the complete analysis, in simple language, with professional understanding.
✨ Overall Trend: Bullish with confidence!
Bitcoin is still moving in a strong upward trend on the daily chart, supported by institutional momentum and clear price action confirming the "cup and handle" — a classic technical pattern indicating continued upward movement.
🔹 Next important resistance level: $123,200
🔹 Expected medium-term target: $130,000 – $134,000
📈 Technical Analysis:
✅ Support Areas:
$117,000: Current support on the 4-hour timeframe
$113,000: Medium-term support in case of deeper correction
$110,000: Institutional liquidity attraction area
🚫 Resistance Areas:
$123,200: The current barrier for breaking the last peak
$125,000 – $126,500: Upcoming supply range
🧠 Indicator Signals:
🔹 MACD: Upward momentum is still active
🔹 RSI: Near 70, does not indicate serious overbought conditions yet
🔹 QQE MOD: Supports the continuation of momentum
🔹 Supertrend: Clear buy signal on the 4H and 1H timeframe
🔹 Order Blocks: Shows clear buying strength at 116.8K
📚 For beginners:
If you are new to the market, here are the top 3 tips:
1. Do not enter randomly: Wait for a confirmation signal (candle + indicators)
2. Manage your capital: Do not risk more than 1-2% of your account on a trade
3. Keep an eye on the news: Especially US events and institutional happenings that affect the market
🔥 My opinion as an expert:
Bitcoin is confidently moving towards higher targets. But the market doesn’t move in a straight line — we need patience, planning, and risk management.
At the moment you read this, a golden opportunity may be close to forming. Keep an eye on the support levels, and do not chase the price. The smart one is the one who hunts opportunities, not the one who chases them.
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📌 Disclaimer
The content provided here is for educational and analytical purposes only and should not be considered financial or investment advice or a recommendation to buy or sell. Please conduct your own research or consult a financial advisor before making any investment decisions. Trading involves high risks and may lead to capital loss.