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BTC

Bitcoin steady near $118k — watch for breakout or pullback

I'm watching Bitcoin trade around $117,776, up about 0.4% with a daily high near $117,894 and a low around $116,867.

Volume is meaningful, indicating participation, but price action so far shows only modest momentum rather than a clear breakout.

I'll wait for a decisive move above $118k to consider momentum entries, or scale in on a pullback if support holds.

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Analysis

I see modest upside momentum with meaningful volume but a tight intraday range; the market is participating but not yet committing to a breakout. Key levels: resistance ~118k, short-term support near ...

Recommendation

I'm watching for confirmation. Avoid large new longs now — prefer waiting for a breakout above 118k or buying on weakness into the 116k–117k area with position sizing and stops.

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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