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BTC

Bitcoin near $119k — watch for breakout or buy-on-weakness

I see Bitcoin trading at $118,945.14 (~26.04564 ETH) with a 24h decline of 2.12% but a 7d gain of 2.05%. Today's range is $117,547–$121,707 and market cap is about $2.4T.

Short-term momentum is mixed: slight intraday strength, daily weakness and modest weekly upside. Volume is high (~$66.1B), so moves are liquid but can be volatile.

I'm watching for a clean breakout above the session high or a retracement toward the lows as a better entry; I use Axiom for execution.

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Analysis

Price action shows consolidation: intraday neutrality, a small daily pullback and modest weekly gains. High volume supports tradable moves, but the lack of a decisive breakout argues for patience unti...

Recommendation

Neutral stance — watch the levels. Wait for a breakout above $121,700 for a momentum entry or consider buying on weakness toward the $117,500 area with size discipline and stop-losses to manage volati...

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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