🛑 Major support levels
Strong support is around $115,500, and if broken, the price may head to $109,000
Additional support can be observed at $108,300, after it turned from resistance to support previously
Short-term, there is immediate support at $115,410–$114,937 according to the Bollinger Bands range and Stochastic indicators deep in the oversold area
🧱 Resistance levels
Nearby resistance is at $119,000–$120,000, where prices have recently tested it and the breakout is still weak
Medium resistance at $125,000–$130,000, followed by major resistance at $136,000–$137,000 if the momentum continues upward
Another analysis places resistance at $123,218 (recent official peak)
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⚙️ Bitcoin Scalping method
Quick concept:
Execute very short trades (seconds to minutes) to take multiple small profits in the same session, helps accumulate stable daily profit
Typically applied through minute charts (1–5 minutes) using indicators like RSI, Bollinger, and Fibonacci
Scalping application steps:
1. Schedule the appropriate timeframe – such as 1 or 5 minutes for clarity in price movement.
2. Define the daily trading range: enter near support areas and sell at resistance.
3. Use short-term indicators:
RSI on the 1h or 4h timeframe shows oversold conditions at ~34 → Signal for a potential technical rebound
Stochastic RSI stabilizes at ~28 indicating a potential short-term rise
4. Risk management:
Tight stop loss orders (e.g., 0.2–0.5%)
Set a small profit target (like 0.3–0.7% per trade)
Ensure to reduce commission costs
5. Commitment and discipline: adhere to the stop loss and profit plan without hesitation
Practical example:
Enter buy (Long) at strong support ~$115,500
Set stop loss at ~$115,000
Take profit target at ~$116,200–$116,500
This pattern repeats several times during a single scalping session, especially during high liquidity times (like the Asian session):
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🧭 Summary:
Type Important levels
Support $115,500 – Major support, $109,000 long-term major support
Alternative support $108,300 as the previous key support
Resistance $119,000–$120,000 first resistance
Target medium $125,000–$130,000
Long-term target $136,000–$137,000
⚠️ If support breaks at $115,000, we may see a drop towards $109,000 or lower, this should be monitored closely
