#BTC
🔍 General Direction (on the Hourly Frame)
The trend is bullish in the medium term, but the price is facing a clear slowdown in momentum.
There is a strong resistance area between 118,800 – 119,200.
Volume is decreasing with every rise = the possibility of a correction or a short drop is likely.
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✅ Support and Resistance Areas (Important)
Type Price
Support 1 117,900 (very important, previously rebounded from it)
Support 2 117,300 (previous H1 demand area)
Resistance 1 118,800
Resistance 2 119,200 – 119,400
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📉 Expected Scenarios (Scalping on the 15-Minute Frame)
🔺 Bullish Scenario (Breakout)
If 118,800 is broken and remains above it for two candles:
Enter a buy scalp from 118,850
First Target: 119,200
Second Target: 119,400
Stop Loss: 118,600
🔻 Bearish Scenario (Rebound from Resistance)
If a clear rejection candle appears below 118,800:
Enter a sell scalp from 118,750
Target: 118,100
Stop Loss: 118,900
📌 Failure Scenario
If support at 117,900 is broken with a strong candle:
We may retest 117,300 or even 116,800
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🔔 Important Alerts
Monitor the RSI indicator on the 15-minute frame; any overbought condition above 70 with resistance = an excellent selling opportunity.
The downward volume has started to increase > the likelihood of a correction is possible before the upward trend continues.
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