BTC is maintaining its bullish structure with strong rebounds from the trendline since April. The price is now approaching the psychological resistance zone at 119,000 – a level that has been rejected three times before.
If support at 104,700 holds and the resistance is broken, BTC could target the 125,000 area. On the other hand, losing this support could interrupt the bullish momentum.
Trade Setup:
Buy around 104,700–106,000
TP: 119,000
SL: below 103,000
Note:
The upcoming NFP report on July 5 may trigger sharp moves if strong data boosts the USD.
Do you expect a breakout or another rejection?
If support at 104,700 holds and the resistance is broken, BTC could target the 125,000 area. On the other hand, losing this support could interrupt the bullish momentum.
Trade Setup:
Buy around 104,700–106,000
TP: 119,000
SL: below 103,000
Note:
The upcoming NFP report on July 5 may trigger sharp moves if strong data boosts the USD.
Do you expect a breakout or another rejection?
Trade active
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📍 Accurate, verified technical analysis
⚡ Fast updates – Never miss a golden entry
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.
Top trading opportunities are waiting for you! : t.me/+aljKUwb-ar1jNDg1
🔥 High-quality signals – Win rate up to 85%
📍 Accurate, verified technical analysis
⚡ Fast updates – Never miss a golden entry
🔥 High-quality signals – Win rate up to 85%
📍 Accurate, verified technical analysis
⚡ Fast updates – Never miss a golden entry
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.