$BTC 🔥 BULLISH MOMENTUM 🔥

🔍 Price & Volume Overview

Current Price: ~$118,161 USDT (recent intraday range between ~$117,155 and ~$119,080) .

Volume: Spot volumes around $1.7B; global BTC trading including ETFs/futures often reaches $40–45 B.

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📊 Technical Analysis

➤ Support & Resistance

Support Zones:

**$117,140–$118,000**—tight support from recent consolidation

Secondary support near $115,500–$115,740, aligning with lower pivot and liquidity clusters

Resistance Zones:

**$119,000–$120,000**—key psychological ceiling and recent high reversal area

Next resistance cluster around $122,300–$123,200 (recent ATH zone)

➤ Pattern Recognition

Analysts highlight a cup‑and‑handle breakout structure leading into current highs—often followed by sustained rallies if volume supports .

Trading Strategy Scenarios

🟢 Breakout Continuation Setup

Entry: Above $119,200–$119,400 on confirmed breakout with rising volume

Targets:

Target 1: $122,300–$122,600

Target 2: $125,000 → $130,000+ if momentum holds

Stop-Loss: Below $118,200

Risk/Reward: ~1:2–1:3

🔁 Pullback / Support Bounce Setup

Entry: $117,140–$117,400 on bounce confirmation

Targets: $119,000 → $120,000

Stop-Loss: Below $115,750

R/R: Favorable within defined range

🔻 Fade / Reversal Trade

Entry: $119,000–$119,400 rejection with clear bearish candle

Target: Pullback toward $117,100–$115,500

Stop-Loss: Above $120,000

💡 Scalping Tip: On 5–15 min charts, monitor for volume-fueled spikes or RSI divergence near key zones for quick ~1% trades.

Disclaimer: This is for educational purposes only. Crypto trading carries risk. Always DYOR and trade with proper risk management.

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