As market sentiment m0ves int0 the "Greed" z0ne, $BTC Bitc0in breaks thr0ugh imp0rtant resistance.

Summary

With a gain 0f +2.07% and an intraday amplitude 0f 2.67%, Bitc0in ended the day
at $121,766. Bulls have been reenergised by this clear break0ut ab0ve sh0rt-term
resistance.

Alth0ugh traders are leaning bullish, 0verly 0ptimistic sentiment frequently
precedes c0rrective acti0ns. The Fear & Greed Index is currently at 62
(Greed).
$BTC
Fr0m the standp0int 0f a m0ving average:

  • MA(7) at $117,255: a sh0rt-term bullish trend

  • Medium-term supp0rt rising, MA(25) at $117,117

  • The l0ng-term uptrend is firmly intact with the MA(99) at $109,634.


Sentiment Analysis 0f Candlesticks

Str0ng bullish c0nvicti0n can be seen in the current daily candle:

  • 0pening price: $119,294

  • L0w: $118,972 (shall0w d0wnside pr0be)

  • Maximum: $122,164

  • Cl0se: Aggressive buying int0 cl0se is indicated by the day's cl0se being cl0se
    t0 the high.

    Interpretati0n: This bullish marub0zu-shaped candle indicates that buyers held
    the upper hand f0r alm0st the wh0le sessi0n with little resistance fr0m
    sellers.

    The relative strength index, 0r RSI

  • The estimated RSI is in the 67–69 range, which is cl0se t0 the 0verb0ught z0ne.

  • Interpretati0n: Alth0ugh there is a l0t 0f m0mentum, the RSI appr0aching 70
    signals impending sh0rt-term fatigue.

  • The M0ving Average C0nvergence Divergence (MACD) line ab0ve the signal line indicates a c0nfirmed bullish cr0ss0ver.

  • As the hist0gram rises, buying pressure intensifies.

  • There isn't any 0bvi0us bearish divergence right n0w, s0 the trend is pr0bably
    g0ing t0 c0ntinue.

Levels 0f Supp0rt and Resistance

  • Supp0rt Right Away: $117,200 (MA25 & previ0us c0ns0lidati0n z0ne)

  • Sec0ndary Supp0rt: 109,600 (MA99, the maj0r l0ng-term fl00r)

  • Immediate Resistance: • The recent swing high 0f $123,200

  • Significant 0pp0siti0n: • A psych0l0gical level 0f $125,000

  • Break ab0ve here c0uld lead t0 $127,500–$130,000



    Pr0spects f0r the Market

    Further upside is n0w p0ssible due t0 $BTC Bitc0in's break0ut fr0m a three-week c0ns0lidati0n in the $115,000–$117,000 range. The sh0rt-term path 0f least resistance is still up, with sentiment in the Greed z0ne and MACD m0mentum increasing.

    Traders sh0uld be ready f0r significant intraday pullbacks pri0r t0 additi0nal
    gains, th0ugh, as the RSI gets cl0ser t0 0verb0ught levels and greed sentiment
    increases.

    Bullish scenari0: A rally t0 $125,000–$127,500 c0uld be sparked by a break and cl0se ab0ve $123,200.

    Bearish scenari0: Failure t0 h0ld ab0ve $120,000 may send BTC back t0 $117,000 supp0rt.


Trading Meth0ds

Sh0rt-Term Swing: Pullback entry, $119,500–$120,500 buy z0ne
G0al 1: $123,200; G0al 2: $125,000–$127,000

St0p L0ss: Less than $117,000

L0ng-Term R0le

H0ld as l0ng as the price stays ab0ve the MA (99).

Build up 0n dr0ps int0 the $115,000–$117,000 range.

If macr0 c0ntinues t0 be supp0rtive, the l0ng-term g0al is $140,000+ 0ver
three t0 six m0nths.


Risk N0te: Alth0ugh a 62 indicates c0nfidence, 0verly 0ptimistic sentiment can
result in 0verly leveraged p0siti0ns and unexpected liquidati0n cascades. Keep
st0ps in place and exercise cauti0n when using leverage.

Final Th0ughts 0f a Pr0 Trader:
With m0mentum indicat0rs in sync, a str0ng candle structure, and MA alignment,
Bitc0in is displaying classic bullish c0ntinuati0n signals. Sentiment readings
cauti0n us that v0latile shake0uts pri0r t0 c0ntinuati0n may be part 0f the
next leg up. This is an ideal setting f0r disciplined traders t0 trade break0uts
while maintaining p0wder.

#Bitcoin❗ #BTC #BitcoinDunyamiz