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BTC

Bitcoin: Range-bound near $118k — watch for breakout or buy on weakness

I see Bitcoin trading at $118,633.38 (Ξ 26.04564) with an intraday range of $117,985–$124,128. Momentum is mixed: +0.46% 1h, −1.84% 24h, +2.25% 7d.

Market cap is $2.4T and 24h volume is $74.1B, so liquidity is deep but price action looks range-bound rather than trending strongly.

I will watch for a decisive break above $124k or a confirmed hold near $118k before committing; consider buying on weakness if support holds, otherwise wait.

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Analysis

Price is consolidating in a tight band with high liquidity; short-term momentum is mixed — a small daily dip but weekly gains — suggesting range-bound risk until a clear break of $124k or support near...

Recommendation

Watch price action and wait for confirmation: buy on weakness if support near $118k holds, or wait for a breakout above $124k; avoid initiating large positions now.

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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