$BTC

🔍 Technical Analysis (15-Minute Chart)

Price at analysis: ~118,670 USDT

Indicators active: EMA(7), EMA(25), EMA(99)

Candlestick activity: Small rebound after a local dip.

Support zone: Around 117,100 (recent low and strong reaction)

Resistance zone: Around 119,270 (local peak)

🔹 EMA Trend Analysis

EMA(7) > EMA(25) > EMA(99) = Bullish micro-trend starting

Price is currently trading slightly above all EMAs, indicating short-term upward momentum.

🔹 Support & Resistance

Support (S1): 117,100 – Strong bounce from this level

Resistance (R1): 119,270 – Previous top

Mid Support: 118,400 – EMA(99) acting as dynamic support

🔹 Trendlines

Upward short-term trendline forming from 117,100 to recent lows

Price respecting the 118,400 zone as dynamic support (EMA99)

✅ SHORT-TERM TRADE SETUP (SCALP/SWING)

⚔️ Strategy: Buy on Retest or Breakout

🔸 Option A: Buy on Pullback

Entry: 118,400–118,500 (on EMA support zone)

Stop-loss: 117,900 (below recent minor dip)

Take-profit: 119,200–119,300

📈 Risk/Reward: ~1:1.5

🔸 Option B: Buy on Breakout

Entry: Break above 119,300

Stop-loss: 118,800

Take-profit: 120,000–120,300

📈 Risk/Reward: ~1:2+

🧨 Trade Notes

Watch volume closely – confirm breakout with increased buy volume.

If BTC drops below 117,100, expect potential fall to 116,200–116,500 zone.