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BTC

Bitcoin Tops $118k; Breakout Still Unconfirmed

I note Bitcoin briefly hit $118,000 and is currently trading at $118,105.4 with a 24-hour change of -0.06%.

That round-number print is noteworthy, but the tiny intraday decline suggests momentum is unconfirmed — I’m watching volume, on-chain flows and nearby resistance before taking a view.

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Analysis

The move to $118k is a psychologically relevant milestone, but the negligible 24h decline and lack of volume context mean the rally may lack conviction. Key indicators to watch are trading volume, fut...

Recommendation

I’m currently in a wait-and-see stance — watch for confirmation from higher volume or a decisive close above resistance before buying. If trading now, keep position sizing conservative and use stops o...

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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