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Bitcoin Price Analysis: Recovery Momentum Towards the 125,000 USD Zone
After the adjustment near 115,500 USD, Bitcoin is showing signs of recovery as buyers gradually regain control. Below is a detailed picture of price movements, key resistance and support levels, and potential scenarios in the short term. Latest Developments Recent peak: 123,200 USD Correction bottom: 115,730 USD Current price: ~119,500 USD, above the SMA 100 hourly line. Short term trend: The buyers have broken through the downtrend line at 119,000 USD, confirming the reversal attempt. Levels to Pay Attention to
Technical Indicator MACD (hour frame): The upward momentum is slowing down; the MACD line is trending towards a bearish crossover, requiring close monitoring. RSI (hour frame): Remaining above the 50 threshold indicates that buying pressure still dominates but hasn't exceeded the overbought level. Price Scenario
Suggestion Strategy Short term trading: Buy when the price successfully retests 119,000 – 119,500 USD, set a stop loss below 118,800 USD. Target: 120,200 → 121,400 USD; move the breakeven point when the price exceeds 120,200. Medium-term position: Wait for the 4-hour candle confirmation at 123.150 USD before increasing the position. Set a trailing stop loss ( below 119,000 USD, take partial profits at 124,200, 125,000, 126,200. Defense scenario: If the price falls below 117,500 USD, consider exiting long-term positions and observing the area of 115,500 – 113,500 USD. Risk Warning Macroeconomic fluctuations: Interest rate decisions, inflation data, ETF information/policy adjustments can cause strong fluctuations. Market sentiment: After a prolonged increase, there is high profit-taking pressure; major resistance levels may easily trigger bull traps. Capital management: Always set clear stop-losses and only use leverage ratios that align with risk appetite. Conclusion Buyers are making efforts to bring Bitcoin back to an upward trajectory after a correction to 115,500 USD. Conquering the 121,400 USD mark will be the key to opening the journey towards 125,000 – 126,200 USD. Conversely, losing 119,000 and especially 117,500 USD could pull the price back to a deeper support zone. Traders should patiently wait for confirmation signals, adhere to risk management principles, and update market information regularly to make appropriate decisions. $BTC {spot})BTCUSDT(