$BTC BITCOIN FUNDAMENTAL UPDATE 🚀
Bitcoin is currently trading around 116400, after rejecting from 120000 Immediate resistane Zone. While BTC shows short term bearish momentum, the daily structure still maintains higher lows and higher highs, reflecting a broader bullish outlook.
🔹 Current Market Situation
BTC is currently holding above the 100 EMA, 200 EMA while below the 20 EMA and 50 EMA. Which shows market has shifted to the short term bearish structure but overall still in Bullish Trend in Higher Time Frames.
🔹 Important Technical Point
BTC recently bounced from the 114600 short term support area, reclaiming momentum after taping into buyside daily FVG and sharp selloff. The major resistance remains at 123300, and a breakout above this could drive price towards 125000 or 128000. Immediate support lies at 114000 and 112000.
🔹 Market Catalyst To Watch
As Today is Friday, means the Last day of Stock and Forex Market so volume will be reduced, So there will be no High Volatility so its better to wait for Weekly Close on Monday.
🔹 What To Expect
As long as BTC remains above 112000, the bullish bias remains intact. Pullbacks into these key zones may offer buying opportunities. Traders should stay alert to both macroeconomic updates and sudden sentiment shifts driven by global development in coming week.