Bitcoin Near $119k — Short-Term Trade Toward $124k
I'm watching Bitcoin around $118,633 after a modest daily pullback (-1.8%) but a positive weekly move (+2.25%). Price is trading between roughly $118k and $124k with $74.1B in volume, indicating strong liquidity near recent highs.
I view this as short-term range-bound action with a slight bullish bias. I'll trade on Axiom using defined risk: look for entries on weakness toward $118k, target strength near $124k, and place tight stops below the $117k area.
Analysis
Recommendation
I'll trade this on Axiom with a short-term bias: enter on pullbacks toward $118k, stop below $117k, scale out near $124k, and size positions conservatively to manage volatility.
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.