Bitcoin started the week trading around $116,953, with bulls aiming for a breakout while bears try to hold resistance.
๐ Key Levels to Watch:
Resistance: $116,953 โ if broken, $BTC could test $116,953 next.
Support: $116,953 โ losing this may trigger a pullback to $116,953.
๐ Market Sentiment:
The crypto Fear & Greed Index currently shows Greed, meaning traders are optimistic โ but this can also signal overbought conditions.
๐ฅ Factors Driving Price:
Upcoming macroeconomic news & interest rate updates ๐
ETF inflows/outflows ๐
On-chain data showing strong accumulation by whales ๐
๐ก Trading Tip: Wait for a confirmed breakout above resistance or a bounce from support before entering. Avoid chasing volatile moves.
Whatโs your BTC target for this week โ bullish breakout or sideways chop? ๐ค
