Quick Analysis for $BTC
Current Price: $119,168 — very close to the upper range of the last 24h move.
Resistance: $119,400 – $119,500 (price was rejected here earlier).
Support: $118,800 – $118,500 (last pullback zone).
Order Book: 74% buyers — bullish bias.
Structure: Higher lows are forming → short‑term trend is slightly bullish, but we’re near resistance.
Scalping Plan (Short-Term)
1. Long Setup:
Enter Long: If price breaks & sustains above $119,400 with strong volume.
Targets: $119,800 – $120,200.
Stop Loss: Below $118,900.
2. Short Setup:
Enter Short: If price rejects $119,400 and breaks back below $118,800.
Targets: $118,400 – $117,900.
Stop Loss: Above $119,500.
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For quick scalping:
Use 1–5 min candles for entries.
Look for volume spikes & order book flips before entering.
Keep tight stops (20–40 points) because BTC is volatile at this range.