Here’s a quick Bitcoin TA update for the $115K–$118K zone:
📊 BTC/USD Technical Analysis (as of now)
🔹 Price Range:
Trading between $115,000 – $118,000
🕯️ Chart Structure (4H / Daily):
• Consolidating just below key psychological resistance ($118K)
• Higher lows suggest bullish pressure building
• Possible bull flag or ascending triangle formation
🔥 Key Levels to Watch:
Level Type Action
118K–120K Resistance Breakout zone 🔓
115K Support Range bottom, buy zone 💰
112K Strong Support High-volume node ⚠️
📈 Indicators:
• RSI: ~60–65 (Neutral–Bullish)
• MACD: Momentum still positive on 4H
• Volume: Slightly declining — breakout likely on high-volume candle
🧠 Scenarios:
🚀 Bullish:
• Break above $118K confirms upside continuation
• Targets: $120K, $125K, possibly $130K
• Volume + daily close above $118K = strong confirmation
🐻 Bearish:
• Rejection from $118K with increased sell volume
• Drop toward $112K–$113K support
• Bearish divergence on RSI could signal pullback
🧭 Strategy:
• Aggressive Long: Entry $116K–$117K, stop below $114K
• Breakout Long: Entry on daily close above $118K, target $120K+
• Range Play: Buy near $115K, sell near $118K
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