📊 $BTC Technical Update — Watching Key Levels Closely

Bitcoin is currently trading around $116,567 on the 1H chart after a period of consolidation.

🔍 Key Technical Observations:

✨RSI (14): 44.33 — showing a slightly bearish momentum after cooling off from recent highs.

✨ADX (14): 22.79 — indicates a weak trend; potential for a stronger move soon.

✨Support: $113,984 — holding this zone is critical to maintain bullish structure.

✨Resistance: $117,980 — a breakout above could lead to $120K retest.

📈 Outlook:

If BTC can break and sustain above $117,980, the next target may be $120K. A drop below $113,984 could shift momentum toward $111K support. Traders should watch RSI for a bounce above 50 and volume spikes for confirmation of a move.

💬 What’s your view — will BTC break higher this week, or see a short-term correction?

⚠️ Disclaimer:

This analysis is purely for educational purposes and does not constitute financial advice. I will not be responsible for any profit or loss resulting from trades made based on this content. Always do your own research and use proper risk management.

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