Bitcoin — Stage Buys on Pullbacks While Watching Resistance
I see Bitcoin trading around $118,633 with a high/low today near $124k/$118k and an implied conversion of about 26.05 ETH per BTC. Momentum is mixed: a small 1h uptick, a modest 24h pullback and a slight weekly gain.
Market cap and liquidity remain very large (≈$2.4T cap, $74B volume), so execution risk is low but moves can still be sharp. I’m watching price structure: resistance near the recent high and support near today’s low.
My plan is to wait for a clear pullback or a confirmed break higher before adding size — favoring staged entries on weakness and strict risk controls if I trade. I’d execute on Axiom if I see a suitable dip or breakout setup.
Analysis
Recommendation
Hold a neutral stance and look to buy on weakness: scale in on 5–10% pullbacks or after a confirmed break above $124k; size positions conservatively and use stop-losses to limit downside.
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.