🚨 BITCOIN FUNDAMENTAL UPDATE 🚨
Bitcoin is currently trading around 118400, after showing strong follow-up momentum from the 116000 support zone. The overall market structure remains bullish with consistent higher highs and higher lows, suggesting that buyers are still in control.
🔹 Current Market Situation
BTC is trading above the 20 EMA, 50 EMA, 100 EMA, and 200 EMA levels, indicating a fully bullish alignment of moving averages. This reflects regained market strength and potential for further upside.
🔹 Important Technical Point
After creating a new all time high, BTC is currently facing rejection from upside today's daily candle is also with a small wick showing strong selling pressure at daily timeframe, but BTC reversed strongly from 116000, confirming that buyers are protecting this zone. The immediate resistance lies at 123300, and a clean break above it could lead the price towards 125000 and even 128000. Key support zones remain at 116000 and 112000.
🔹 Market Catalyst To Watch
A high-impact news event, US Unemployment Data, is scheduled for today (Thursday). Expect possible manipulation and volatility in both directions around the time of release. Caution is advised.
🔹 What To Expect
As long as BTC holds above 112000, the bullish sentiment stays valid. Any healthy pullback into the 116000–112000 range could provide potential long entries. Stay vigilant to any macroeconomic surprises or sudden sentiment shifts during and after today’s news.
$BTC $ETH #BTRPreTGE #CryptoClarityAct #BNBBreaksATH #TrumpBitcoinEmpire #BTCvsETH
