#BTC
🔹 Current Price: 118,871 USDT
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🟢 Current Supports:
1. 118,500 — Instant Support (Previous Bounce Point + VWAP Support)
2. 118,200 — Repeated Support from the Asian Session
3. 117,800 — Strong Support from the Hourly Frame (Demand Area + Clear Bottom)
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🔴 Current Resistances:
1. 119,200 — Local Resistance (Recent High of the Instant Frame)
2. 119,700 — Important Resistance (Previous Supply Area + Price Divergence)
3. 120,500 — Major Psychological Barrier + 4-Hour High
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📊 Current Trend:
Trend on the Hourly Frame: Sideways with a Slight Uptrend
Price Above VWAP → Light Buying Momentum
No Strong Engulfing Candles Currently
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🔄 Scenarios:
📈 Bullish:
If the price holds above 118,500 and breaks 119,200 with a 15-minute or hourly candle close:
Targets:
✅ 119,700
✅ 120,500
💡 Possible Scalping Entry:
Entry: 119,250
Target: 119,700
Stop: 118,950
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📉 Bearish:
If the price breaks 118,200 with a 15-minute candle close and high volume:
Downward Targets:
🔻 117,800
🔻 Then 117,200 (Strong Demand Area on H1)
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📌 Technical Notes:
Watch the volume at resistance areas
Do not enter without a confirmation candle or a clear Price Action pattern (like engulfing or pin bar)
