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Bitcoin (BTC/USD) is in a consolidation phase after a strong rally, with the price oscillating between $116,000 and $120,200. Technical indicators suggest a potential bullish reversal if key resistances are cleared, but a breakdown below $116,000 could lead to a deeper correction. News catalysts, such as Trump’s pro-crypto policies and anticipated Fed rate cuts, support a bullish long-term outlook, though short-term ETF outflows and market caution may cap upside momentum. Traders should monitor the $116,000 support and $123,000 resistance for the next major move.
Recommendation:
Long-term Investors: Accumulate on dips near $116,000 or $101,400–$102,000, given the bullish macro backdrop.
Short-term Traders: Watch for a breakout above $120,200 for long entries or a breakdown below $116,000 for short opportunities, with tight risk management due to high volatility.
Always use proper risk management, as Bitcoin’s volatility can lead to rapid price swings.
#is it big game to get more holding in #btc $BTC
Recommendation:
Long-term Investors: Accumulate on dips near $116,000 or $101,400–$102,000, given the bullish macro backdrop.
Short-term Traders: Watch for a breakout above $120,200 for long entries or a breakdown below $116,000 for short opportunities, with tight risk management due to high volatility.
Always use proper risk management, as Bitcoin’s volatility can lead to rapid price swings.
#is it big game to get more holding in #btc $BTC
yes
83%
no
17%
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