Current Price Action:
BTC is trading at $116,953, hovering inside the yellow demand zone ($115,800–$117,000), showing short-term consolidation.
Immediate Resistance:
$117,681 is the key intraday resistance; repeated rejections here signal strong seller presence before the $118,800 zone.
Support Levels:
The yellow zone’s lower boundary near $115,800 is crucial; below this, the next major supports are $113,239 and $111,989.
Momentum Outlook:
After a sharp rally, price is ranging with reduced volatility — indicating a potential breakout setup in either direction.
Trading Bias:
Bullish: Break & hold above $117,681 → targets $118,809 and $119,862.
Bearish: Drop below $115,800 → downside toward $113,239 likely.
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Here is my Telegram channel user name you can Join for Free Analysis and signals t.me/XAUTraderSidS
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.