$BTC
BTC Breaks 117,000 USD! Is This Wave Going to Rewrite History?
Family! I just saw BTC break through the 117,000 USD mark! OKX data shows it is currently at 116,984.10, with a 5-minute increase of 0.25%. Based on market signals, let's break down 3 key points:
1️⃣ Bulls are fully charged, short-term trend is strong
Breaking through 117,000 USD means BTC has overcome a key resistance level. Looking at the trend, the moving averages are in a bullish arrangement diverging upwards, like giving the price a “booster,” and the short-term bullish momentum is visibly strong. This is not just a small game; it’s substantial funds pushing it, and once the trend stabilizes, reaching 120,000 or 130,000 is possible!
2️⃣ Integer level battle, beware of a pullback accumulation
But don’t blindly chase the highs! 117,000 is an integer psychological threshold, and both bulls and bears will definitely “fight” here. There has been resistance during previous tests of 117,000, and this time after the breakout, it may retest to confirm support. If it can hold above 116,000 during the retest, that would be “in-air refueling,” and continuing to push higher is non-negotiable; but if it breaks down, there may be short-term fluctuations to accumulate, so keep a close watch.
3️⃣ Volume + Fund Flow, determines the subsequent height
Now it’s crucial to watch the volume! If trading volume continues to expand and funds are pouring in wildly, then the breakout is indeed “unstoppable,” and new highs are expected; but if the volume doesn’t keep up, be careful of a “false breakout” that lures in buyers. Additionally, the movement of main funds is also very important; if the main funds are consistently flowing in, hold on tight; but if they start to flow out, be cautious of pullback risks.
For those looking to get in, don’t panic! You can gradually build your position, chase a bit on the breakout, add a bit on the pullback, and set your stop-loss (for example, at 116,000) to steadily capture the market.
How high do you think BTC can go this time? Are you still bullish, or do you think it will pull back? Let’s chat quickly in the comments, seize the BTC opportunity, and don’t regret missing out!
