Bitcoin Tops 124,000 USDT — Short-Term Momentum Intact
I see Bitcoin breaking above 124,000 USDT with a 3.43% 24-hour gain as confirmation of short-term bullish momentum. The move suggests buyers remain in control, especially if accompanied by rising volume and supportive on-chain flows.
I would stay alert for near-term resistance and profit-taking — a pullback to gather positions would be normal — but the path of least resistance currently points higher if macro conditions hold.
Analysis
Recommendation
Bias toward buying with position sizing and stop-loss discipline — consider adding on dips or after a confirmed pullback; manage risk if RSI or volume divergence appears.
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.