📊 $BTC /USD Market Snapshot
Current Price: $118,900
Change: +$700 (+0.59%)
High: $125,000
Low: $122,500
Volume: 74 BTC (short-term)
Support/Resistance Levels (based on visual levels and round figures):
Support Zones: $115,000 → $112,500 → $110,000
Resistance Zones: $120,000 → $122,500 → $125,000
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🛠️ Quick Technical Outlook (Based on 1m, 30m, 1h, D timeframes)
1M / Daily Chart Overview:
Macro Bullish: If price sustains above $118,000–$120,000, next key resistance is at $125,000.
Breakout above $125,000: would open potential targets toward $130K–$135K in August.
If rejected at $125K, a retracement to $115K–$117.5K is possible.
1H / 30M Chart:
Current Trend: Short-term bullish continuation with slight consolidation.
Holding $118,000 is key to maintain bullish structure.
A breakout above $120,000 with volume could initiate another leg toward $122.5K and $125K.
1-Minute:
Use for scalping only; tight ranges, likely noise unless paired with volume spikes or order book insights.
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📌 Trade Setups to Watch
🔹 Breakout Trade
Entry: On a confirmed break & close above $120,000
Stop: Below $118,000
Targets: $122,500 → $125,000 → $128,000+
🔹 Support Bounce (Pullback Entry)
Entry: Around $115,000–$117,500 zone
Stop: Below $112,500
Targets: $120,000 → $122,500
🔹 Reversal Short
Entry: If price rejects hard at $125,000 with bearish confirmation
Stop: Above $126,000
Targets: $120,000 → $117,500
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🔍 Strategy Summary
Strategy Entry Trigger Stop-Loss Target Range
Breakout Long > $120,000 < $118,000 $122.5K → $125K+
Pullback Long $115K–$117.5K bounce < $112.5K $120K → $122.5K
Rejection Short Reversal near $125K > $126K $120K → $117.5K