Layer3Dreamer
vip

The Bitcoin market is at a critical moment after a night of consolidation. Currently, investors are closely following the important resistance level of $118,000 on the 4-hour Candlestick Chart. If it can effectively break through and stabilize above this level, this round of adjustment may be declared over, opening up a new upward space for Bitcoin. In this case, the price is expected to continue to rise, with the next target range possibly between $120,000 and $121,600.



However, market participants should remain cautious, as the current trend still falls within the category of a correction before confirming a breakout. If Bitcoin fails to stabilize above $118,000 and even breaks below the $117,000 support level, we may see further declines, with potential target areas between $115,000 and $115,600.

In this uncertain market environment, investors need to closely follow key support and resistance levels. Market trends can often change rapidly, so timely adjustments to strategies are crucial. For those traders who have already set stop-loss points, if the market shows unfavorable trends, they should adhere to the pre-established risk management plan and exit at the right time to control potential losses.

Overall, the Bitcoin market is at a critical decision point. Whether it's a potential pump breakthrough or a possible further pullback, it will provide significant trading and investment opportunities for market participants. However, given the high volatility of the cryptocurrency market, staying vigilant and making rational decisions remains essential.
View Original
post-image
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • 6
  • Share
Comment
0/400
ZenChainWalkervip
· 8h ago
Double the danger, double the thrill
View OriginalReply0
StablecoinEnjoyervip
· 8h ago
Is the pro's position still waiting for a crash?
View OriginalReply0
OnChainSleuthvip
· 8h ago
bullish lol
View OriginalReply0
ForkTonguevip
· 8h ago
play people for suckers and then run away
View OriginalReply0
GweiTooHighvip
· 8h ago
What's there to be careful about? Just do it.
View OriginalReply0
SeasonedInvestorvip
· 9h ago
Charge! One hundred and twenty thousand is right in front of us!
View OriginalReply0
Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate app
Community
English
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)