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BTC

Bitcoin near $119K — Holding Through Consolidation, Watch $124K Resistance

I'm watching Bitcoin at $118,633, trading in a tight intraday range between $124,128 and $117,985. Short-term momentum is mixed: small hourly gain, a modest 24h pullback and a slight weekly advance.

Market-cap leadership and $74.1B daily volume point to strong liquidity, but price is consolidating near key levels rather than trending decisively.

I’m holding my current exposure and waiting for a clear break above $124k for bullish confirmation or a break below $118k to reassess risk and consider buying on weakness.

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Analysis

Price is consolidating with low directional conviction: hourly up, daily down and weekly slightly positive. High market cap and volume support liquidity, but the range between $118K support and $124K ...

Recommendation

Hold current positions and monitor the $124K resistance and $118K support. Avoid adding aggressive exposure now; consider scaling in only after a confirmed breakout or on a tested pullback to proven s...

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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