Bitcoin May Pause After Recent Highs

3 giorni fa

📊 Market Move:
Bitcoin (BTC) recently touched an intraday high of ~$122.8K after hitting new all-time highs, supported by a weaker USD, strong institutional inflows, and favorable U.S. regulatory developments (e.g., GENIUS Stablecoin Act, CLARITY Act, and Trump’s executive orders). However, rising volatility (DVOL) and a rebounding USD are signaling a possible short-term correction.

📉 Technical Analysis:
• Key Resistance: ~$123K–$125K
• Nearest Support: ~$117K (with $110K as a major lower support zone)
• EMA: Price is currently above the 9-day EMA → short-term trend remains bullish.
• Candlestick / Volume / Momentum:
• A cup-and-handle formation has emerged, typically a bullish continuation pattern, suggesting a possible 14% rally to ~$134.5K.
• Momentum is still strong; RSI is elevated but not yet overbought (14-day stochastic RSI at ~79.4%).

📌 Outlook:
Bitcoin may consolidate or experience a mild pullback in the short term around the $123K level, especially if the USD continues to strengthen or volatility spikes. However, a clean breakout above $125K could trigger a further rally toward the $134K–$146K range.

💡 Suggested Trading Strategy: (Spot only – no leverage)

🔻 SELL Bitcoin/USD at: $123K–125K
🎯 TP: $117K
❌ SL: $126.5K
🔺 BUY Bitcoin/USD at: $117K–119K
🎯 TP: $123K–125K
❌ SL: $115K

3 giorni fa

Trade attivo

Bitcoin has yet to break below the 117K support, signaling that defensive buying remains active. If this level holds, a short-term rebound toward 120K–123K is possible. But if 117K fails, the decline could extend toward 110K.

3 giorni fa

Trade chiuso: obiettivo raggiunto

After failing to break below the 117k support for a while, BTC is now rising again as planned.