Bitcoin is trading near $117,800 โ $118,400
Itโs in a sideways consolidation zone after a strong uptrend
๐ Technical Summary
๐ Trend Direction:
Primary Trend: Bullish (long-term)
Short-Term Trend: Sideways to slightly bullish
Structure: Higher highs and higher lows still intact
๐ Key Support & Resistance Levels
๐ข Support Zones:
$117,000 โ Immediate support zone
$115,000 โ Minor demand zone
$112,000 โ Key swing low support
$108,000 โ $110,000 โ Strong base if correction deepens
๐ด Resistance Zones:
$119,000 โ Current price ceiling
$121,000 โ Breakout target
$123,000 โ $125,000 โ All-time high resistance area
๐ง Indicators Overview
๐ RSI (Relative Strength Index):
Around 58โ60
Shows moderate bullishness โ not overbought
๐ MACD (Moving Average Convergence Divergence):
MACD line above signal line, but momentum is weakening
Indicates potential slowing of bullish push
๐ Moving Averages:
20-day EMA: Below price โ short-term support
50-day EMA: Also below โ confirms mid-term uptrend
200-day EMA: Far below โ strong long-term bullish signal
๐ฏ๏ธ Candlestick Behavior
Recent candles are small-bodied: suggests indecision
Wicks both sides: market waiting for next trigger
No bearish reversal patterns visible yet
Itโs in a sideways consolidation zone after a strong uptrend
๐ Technical Summary
๐ Trend Direction:
Primary Trend: Bullish (long-term)
Short-Term Trend: Sideways to slightly bullish
Structure: Higher highs and higher lows still intact
๐ Key Support & Resistance Levels
๐ข Support Zones:
$117,000 โ Immediate support zone
$115,000 โ Minor demand zone
$112,000 โ Key swing low support
$108,000 โ $110,000 โ Strong base if correction deepens
๐ด Resistance Zones:
$119,000 โ Current price ceiling
$121,000 โ Breakout target
$123,000 โ $125,000 โ All-time high resistance area
๐ง Indicators Overview
๐ RSI (Relative Strength Index):
Around 58โ60
Shows moderate bullishness โ not overbought
๐ MACD (Moving Average Convergence Divergence):
MACD line above signal line, but momentum is weakening
Indicates potential slowing of bullish push
๐ Moving Averages:
20-day EMA: Below price โ short-term support
50-day EMA: Also below โ confirms mid-term uptrend
200-day EMA: Far below โ strong long-term bullish signal
๐ฏ๏ธ Candlestick Behavior
Recent candles are small-bodied: suggests indecision
Wicks both sides: market waiting for next trigger
No bearish reversal patterns visible yet
Hello Guys ..
WhatsApp link- wa.link/d997q0
Email - techncialexpress@gmail.com ...
Script Coder/Trader//Investor from India. Drop a comment or DM if you have any questions! Letโs grow together!
WhatsApp link- wa.link/d997q0
Email - techncialexpress@gmail.com ...
Script Coder/Trader//Investor from India. Drop a comment or DM if you have any questions! Letโs grow together!
Related publications
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.
Hello Guys ..
WhatsApp link- wa.link/d997q0
Email - techncialexpress@gmail.com ...
Script Coder/Trader//Investor from India. Drop a comment or DM if you have any questions! Letโs grow together!
WhatsApp link- wa.link/d997q0
Email - techncialexpress@gmail.com ...
Script Coder/Trader//Investor from India. Drop a comment or DM if you have any questions! Letโs grow together!
Related publications
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.