Bitcoin at $118K — Mixed Short-Term Signals, Weekly Momentum Intact
I'm watching Bitcoin around $118,633 — intraday shows mild strength but the 24‑hour pullback (-1.8%) contrasts with a modest 7‑day gain (+2.3%).
Market capitalization and volume remain very large, which supports liquidity, but short‑term noise can produce rapid swings; I would trade with defined risk if acting on Axiom.
I prefer scaled or wait‑and‑see entries rather than adding large exposure until momentum becomes clearer.
Analysis
Recommendation
Watch price action and manage risk: consider small, disciplined buys or wait for a clear break above $124k or a firm hold near $118k before increasing exposure.
Disclaimer
The Analysis and recommendations provided are for informational purposes only. Any investment decisions should be made at your own risk. Past performance is not indicative of future results. Always conduct your own research and consider consulting with a financial advisor before making any investment decisions.