Market Overview:
After a strong bullish impulse, BTC retraced to the 116,000–117,000 support area and is now showing renewed momentum. The current price action suggests a move toward the 125,500–126,000 target zone.
Technical Signals & Formations:
— Completed ABC corrective structure
— Weekly support held at 116,000–117,000
— Price bouncing from 144 EMA
— Break above local resistance confirms bullish continuation
Key Levels:
Support: 117,000, 116,000
Resistance: 123,300, 125,500–126,000 (target zone)
Scenario:
Primary: holding above 119,000 opens the way toward 125,500–126,000
Alternative: break below 117,000 could lead to a deeper pullback toward 115,000
After a strong bullish impulse, BTC retraced to the 116,000–117,000 support area and is now showing renewed momentum. The current price action suggests a move toward the 125,500–126,000 target zone.
Technical Signals & Formations:
— Completed ABC corrective structure
— Weekly support held at 116,000–117,000
— Price bouncing from 144 EMA
— Break above local resistance confirms bullish continuation
Key Levels:
Support: 117,000, 116,000
Resistance: 123,300, 125,500–126,000 (target zone)
Scenario:
Primary: holding above 119,000 opens the way toward 125,500–126,000
Alternative: break below 117,000 could lead to a deeper pullback toward 115,000
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Stop losing money on random trades. Get ready-to-use signals with entry, stop-loss, and targets. Over +1100% profit. 1 month free. Simple. Clear. Profitable.
Join now: t.me/+ve3cSINHpoowNDIy
Join now: t.me/+ve3cSINHpoowNDIy
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.