$BTC Is it about to explode? The key level has been broken, 120,000 is just within reach!
Still worried about the fluctuations? Bitcoin has just strongly broken through the key level of 118,515 USD, stabilizing here means 120,000 is just around the corner.
The trading signals are clear:
- If it breaks 119,561 with volume and confirms the close, short with the trend, stop loss if it breaks;
- If it breaks down through 118,982 with volume, and fails to stabilize on the rebound, directly short on the right side, exit if it recovers;
- If 118,515 shows a false breakdown, decisively try long, stop loss below the false break low or 117,763, don't hold if it fails to stabilize.
In the short term, the bulls are dominant: if it stabilizes above 119,513 on the hourly chart, look directly at 120,576-121,191. The conservative traders can wait to buy at 116,578, exit if it breaks 115,786.
The mid-term is even more critical: the 2-hour box's midline has been broken, if it doesn't break on the pullback, it will directly rush to the upper bound of the box; if it loses the midline, a range-bound fluctuation is very likely, but as long as it doesn't break 117,271, the bullish momentum remains.
The key level has been broken, momentum is full, keep an eye on the support and don't get distracted—120,000 may come faster than you think!
