IKSHIHAB
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Bearish
#BTC
Market Snapshot – BTC Cooling Off After Resistance Rejection
Bitcoin recently touched 119,800 USDT but faced rejection, pulling back to 117,479 USDT as seen on the 4H chart.
Key observations:
Short-term Moving Averages (MA7 & MA25) are beginning to slope downward, suggesting weakening momentum.
Volume is relatively steady but not surging, which may indicate indecision or consolidation.
The 24h high/low range (119,273 – 116,950) shows tight trading activity — typical before a breakout or deeper retracement.
The 90-day gain of 24.85% and 1-year gain of 75.30% still reflect strong macro bullishness.
What to watch:
Support zone: 116,703 – 114,700
Resistance zone: 118,900 – 120,000
A decisive break above 120k could open room for continuation, but failure to hold 116.5k may invite more downside pressure.
This could be a cooling-off period after a local high — or the calm before the next move. Bulls need to defend support and reclaim momentum fast.
Market Snapshot – BTC Cooling Off After Resistance Rejection
Bitcoin recently touched 119,800 USDT but faced rejection, pulling back to 117,479 USDT as seen on the 4H chart.
Key observations:
Short-term Moving Averages (MA7 & MA25) are beginning to slope downward, suggesting weakening momentum.
Volume is relatively steady but not surging, which may indicate indecision or consolidation.
The 24h high/low range (119,273 – 116,950) shows tight trading activity — typical before a breakout or deeper retracement.
The 90-day gain of 24.85% and 1-year gain of 75.30% still reflect strong macro bullishness.
What to watch:
Support zone: 116,703 – 114,700
Resistance zone: 118,900 – 120,000
A decisive break above 120k could open room for continuation, but failure to hold 116.5k may invite more downside pressure.
This could be a cooling-off period after a local high — or the calm before the next move. Bulls need to defend support and reclaim momentum fast.
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