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BTC

Bitcoin: Hold, Buy on Weakness Near $117.5k

I see Bitcoin trading around $118,945 with a modest 24‑hour pullback but a small weekly gain. Market cap remains dominant at $2.4T with heavy liquidity — $66.1B daily volume — so moves can be sharp.

Price is chopping between roughly $121.7k resistance and $117.5k support. I prefer to let short‑term noise play out and look for disciplined entries on meaningful weakness near the low of the range.

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Analysis

Momentum is mixed: 1h flat, 24h down ~2.1%, 7d up ~2%. The dominant market cap and high volume imply liquidity but also potential for volatile swings; key levels are $121.7k (resistance) and $117.5k (...

Recommendation

Buy on weakness: accumulate on dips toward ~$117.5k with position sizing and a tight risk plan. If price stays above support, maintain holdings; avoid chasing rallies above $121.7k without confirmatio...

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.

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