Bitcoin AI priceBTC

$BTC rejected resistance zone $123k zone be careful now lower support 1h time frame if hold good if not hold bad

which way western man $btc

Market Outlook: BTC Above $120K, ETH Reclaims $4,500 What’s Next? In the early hours of October 3, the crypto market extended its bullish momentum. Bitcoin (BTC) broke through the critical $120,000 mark, reaching a new local high of $121,017.54, while Ethereum (ETH) reclaimed the $4,500 level with a high of $4,559.60. This continuation of the rally from October 2 confirms that overall market sentiment remains strong and risk appetite is back on the rise. 1. Market Context The breakout above $120K for BTC signals strong institutional demand and follow-through buying from ETF inflows. Macro factors — such as weaker USD performance and renewed expectations for a softer monetary stance — are also providing tailwinds for digital assets. ETH’s recovery above $4,500 reinforces the view that capital is rotating into major layer-1 ecosystems after BTC’s surge. 2. Technical Perspective BTC: Key support sits around $118,000–$119,000; as long as this range holds, momentum favors a test of $123,500–$125,000 next. ETH: Support near $4,420–$4,450 with resistance around $4,600–$4,700. A breakout here could open the path toward $4,850+. The RSI on both assets remains elevated but not yet overbought, suggesting the rally still has short-term room to extend. 3. Strategy Plan My personal strategy in this setup: Stay in Trend: Continue holding core BTC/ETH positions while trailing stops to lock in gains. Buy Dips: Look to add on retracements toward support zones rather than chasing highs. Diversify Exposure: Allocate a small percentage into high-liquidity altcoins that tend to outperform after BTC stabilizes. Monitor Momentum: If BTC stalls near $125K and ETH near $4,700, be ready for short-term pullbacks or consolidation. 4. Sentiment & Outlook The overall sentiment remains bullish, but we’re entering a zone where profit-taking could appear. A healthy consolidation would strengthen the base for a sustainable Q4 rally. If BTC holds above $120K through the week, it could confirm a new price floor, attracting more long-term capital and setting the stage for the next leg toward $130K+. Final Take This latest surge is not just a technical breakout it reflects renewed confidence in crypto as a hedge against macro uncertainty. My plan: Hold core, buy dips, and avoid FOMO entries. Keep liquidity ready for opportunities if short-term corrections occur. As long as BTC remains above $118K and ETH above $4,400, the bull trend remains intact.

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