🔍 $BTC
BTC Futures Trading: Technical Outlook & Long Entry Setup
📌 Current Technical Pulse
Support levels:
$112K–$112.5K represents strong structural support, reinforced by CME gap liquidity zones that often attract buyer activity .
$108.3K marks a former resistance now turned support after recent breakout .
Resistance levels:
Near-term resistance lies at $114K, a pivotal breakout zone (~50-day MA and channel top) .
Higher upside targets include $118K–$121K, with strong interest around the prior highs and Fibonacci targets at ~$122K and beyond (~1.618 level) .
Indicator snapshot (from Investing.com):
RSI ~54: neutral territory, room to run.
MACD: pending bullish cross but not yet confirmed.
Moving averages: short-term MAs (5, 10, 20) are bullish; mid- to long-term (50, 100, 200) are still bearish but may start to flip if price sustains above $114K .
Chart structure:
Recent breakout from descending channel and confirmed cup-and-handle pattern support continuation momentum. Supports watch for re-tests at $108.3K former resistance and $112K structural base .