Bitcoin 1H Chart – Analysis

Current Momentum – Strong bullish breakout above key resistance zones 119,841 and 120,899, indicating aggressive buying pressure.

Immediate Resistance – Price is now approaching 122,733–123,196, a heavy supply zone; possible short-term profit booking area.

Support Levels – Nearest support now sits at 120,899, followed by 119,841. Holding above these keeps momentum intact.

Market Structure – Clear higher highs and higher lows; trend remains bullish unless price breaks below 119,284.

Trading Plan – Ride the uptrend with trailing stops; watch for reversal signals at 122,733–123,196 or continuation breakout above 123,200 for fresh upside.