BTC at a Crossroads โ Boom or Breakdown Ahead? ๐โ ๏ธ
Is this just a healthy correction or the start of a major rally? Letโs break down everything you need to know before your next move!
๐ MACRO & FUNDAMENTALS
๐ฃ๏ธ Fed Talk: Hawkish tones from the Federal Reserve suggest no rate cuts soon. Sticky inflation keeps pressure on risk assets like crypto in the short term.
๐ Market Mood: Investors turning cautious โ moving to safer havens. Still, BTCโs long-term fundamentals remain rock solid.
๐ On-Chain Vibes: Wallet activity and hash rate are climbing โ accumulation is happening even as prices dip!
๐ TECHNICAL OUTLOOK (H1 CHART)
BTC/USD is correcting after hitting the 111,947 resistance. A bounce from the 106,831 support hints at mid-range consolidation.
โ ๏ธ Chart Pattern: Possible bull trap in play โ watch the 110Kโ112K supply zone.
๐ EMA Action: Short-term EMAs have crossed down on H1 โ momentum is fading.
๐ฏ TRADE SETUPS FOR TODAY
๐ป SCALP SELL ZONE
Entry: 111,800 โ 111,950
Stop Loss: 112,200
Targets: 110,000 โ 108,500 โ 106,800 โ 102,567
๐บ BUY ZONE (PULLBACK SUPPORT)
Entry: 106,800 โ 106,600
Stop Loss: 106,200
Targets: 107,800 โ 109,000 โ 110,000
๐ KEY TECHNICAL LEVELS
Resistance: 111,947 โ 112,000
Support: 106,831 โ 106,600 โ 102,567
FIBO Levels: 0.5 โ 109,393 | 0.382 โ 108,763
โ๏ธ STRATEGY OUTLOOK
If BTC breaks above 112,000 with strong volume, watch for a bullish push toward 114K+.
But if it slips below 106,800, we might see a deeper dive to 102,500.
โ FINAL THOUGHTS
BTC is balancing between macro hawkish vibes and key technical zones.
Stay sharp, wait for confirmations, and donโt chase the pump or panic sell!
Watch the US Jobless Claims data later today for potential market volatility.
Trade smart. Manage risk. Stay in control.
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