$BTC

Current Market Context**

- **Price**: 118,844.85 (-1.74% downtrend).

- **EMA Indicators**:

- EMA(7): 119,307 (below EMA25, short-term bearish).

- EMA(25): 119,617 (resistance).

- EMA(99): 117,828 (support).

### **2. Key Resistance Levels (Upside Targets)**

- **Immediate Resistance**: 119,307 (EMA7) → 119,617 (EMA25).

- **Strong Resistance**: 122,047 (24h High) → 122,339 (recent swing high).

- **Breakout Target**: 124,474 (next major resistance).

### **3. Support Levels & Stop-Loss (Downside Protection)**

- **Immediate Support**: 117,828 (EMA99).

- **Strong Support**: 117,180 (24h Low) → 116,818 (recent swing low).

- **Stop-Loss Recommendation**: Below **116,800** (confirms downtrend continuation).

### **4. Entry Points**

- **Conservative Entry**: Wait for break above **119,617 (EMA25)** with volume confirmation.

- **Aggressive Entry**: Near **117,828 (EMA99)** with RSI/StochRSI reversal signals.

### **5. Indicators & Momentum**

- **RSI(6)**: 38.89 (neutral, no oversold signal yet).

- **StochRSI**: 13.37 (oversold, but MA line at 7.83 suggests weak momentum).

- **%R(14)**: -77.18 (approaching oversold).

- **OBV**: 5,994.34 (moderate buying pressure).

### **6. Strategy Summary**

- **Bullish Scenario**:

- Price holds above 117,828 (EMA99) and breaks 119,617 (EMA25).

- Target: 122,047 → 124,474.

- **Bearish Scenario**:

- Price breaks 116,800 (stop-loss), next support at 114,054.

- **Risk Management**:

- Stop-Loss: **116,800** (1-2% below entry).

- Position Size: 1-2% risk per trade.

### **7. Timeframe Focus**

- Watch **4H/1D charts** for confirmation of trend reversal or continuation.