$BTC is currently trading around 123,410 USD, approaching the psychological resistance zone of 123,400 – 123,500 USD. This is a price level that many experienced traders refer to as the 'alert zone' because in the past, it has often been the activation point for strong breakouts or bull traps that make FOMO investors pay the price.
Real-time data on Binance shows that the 24-hour Spot volume of BTC has reached approximately 2.95 billion USDT, placing it among the highest in the market. This reflects that capital is returning, especially after the USD Index slightly decreased during last night's US session, creating conditions for strong capital flows into crypto. Many traders have also taken the opportunity to accumulate in the support area of 122,000 USDT, helping the price maintain its upward momentum up to this point.
Technically, the 123,500 USDT zone is an important 'gateway'. If the H4 candle closes above this level with high volume, the probability of BTC moving towards 125,000 USDT will significantly increase. Conversely, if strong selling pressure occurs and the price is pulled down, the retest scenario for support at 122,000 – or even 121,500 – is entirely possible.
Pay attention to confirmation signals:
True breakout: Long green candle, large body, volume spikes, no long upper wicks.
Bull trap: Price slightly exceeds resistance but closes below the 123,500 mark, with reduced volume or long upper wicks.
If you want to try to catch a quick rebound, this is a reasonable time to convert a small portion of capital (10–50 USDT) into BTC to test price reactions, or wait for a pullback to the support zone before entering an order.
Combine additional monitoring of $ETH TH and $SOL as these two coins are also maintaining high volume, possibly moving in sync with BTC.
However, if you are not a HOLDER, always manage risk, set clear stop-loss levels, and do not use all your capital on a single position.
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