BTC-USDT: BULLISH BREAKOUT OR FAKEOUT?
$BTC is showing signs of strength after a tight 24H range, but is this the real move or just noise before the storm?
đ MARKET STRUCTURE
Price opened at 117,888 and pushed to a high of 118,495 before retracing to 117,303. Current price sits at 118,348 (+0.39%), suggesting bullish momentumâbut volume tells a deeper story.
đ§ TECHNICAL BREAKDOWN
- Price is hovering near the 4H resistance zone (118.5K), previously rejected twice.
- RSI on 1H is climbing above 60, signaling strength but not yet overbought.
- MACD histogram shows bullish divergence, but crossover confirmation is pending.
- 50 EMA is acting as dynamic support on the 2H chart.
- Volume spike at 06:00 GMT hints at institutional interestâwatch for continuation.
đŻ TRADE SETUP
- Entry: 118,350 (on breakout confirmation above 118.5K)
- TP1: 119,200
- TP2: 120,000
- TP3: 121,500
- SL: 117,200 (below 4H support)
â ïž RISK MANAGEMENT
Use 1â2% max risk per trade. Wait for candle close above resistance before entering. Avoid chasing pumpsâconfirmation is key.
đŹ MINDSET TIP
Donât let FOMO drive your entries. BTC rewards patience and punishes emotion. Trade the chart, not the hype.
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