#bitcoin (BTC) at $121,716 – Breaking the ceiling or running out of steam?
📊 Trend: Bullish with signs of exhaustion
🔍 Key Indicators:
• RSI (14): 40.27 → Neutral, lacking clear strength
• MACD: Bearish crossover active
• Volume: Declining → Risk of a false breakout
• Moving Averages: BTC above all EMAs → Bullish bias remains intact
• Critical Resistance: $122,000 → If broken, could target $124,800
• Key Support: $119,000 → If lost, may drop to $116,400
🔮 Projection for the next few hours
🎯 Quick Strategy
✅ Speculative Entry: If $120,200 holds with rising volume
⚡ Bullish Scalp: On breakout above $122K with RSI > 45
🛡️ Suggested Stop-Loss: $118,900 for intraday trades
