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BTC Hits $115000 – Market View
I believe BTC is testing the upper edge of momentum as it nudges toward the $115,000 mark, despite a 24h price change of -2.55%. This implies strong intraday volatility and potential for continued upside if buying pressure resumes, especially given the macro backdrop and liquidity in crypto markets. While the price recently dipped, the round-number level around $115k could act as a psychological resistance or a pivot once buyers re-enter. Traders should watch on-chain signals for demand and exchange flow, as well as broader BTC market sentiment before committing to new longs.
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Analysis
The scenario shows BTC at a key psychological level near $115,000. A -2.55% intraday/24h decline could be a healthy pullback within an uptrend, potentially shaking out weak hands and attracting accumu...
Recommendation
From a trading standpoint, approach with cautious exposure. If price holds above critical supportive zones and volume supports a renewed bid, consider a gradual long tilt or a watchful stance with tig...
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.