Technical Analysis
Trade Setup:
A long position has been placed, likely anticipating a breakout from a key resistance level.
Entry Point: Near $86,148, positioned around a previous consolidation area.
Stop-Loss (SL): Set near $83,188, below the previous swing low to manage risk.
Take-Profit (TP) Targets:
TP 1: Around $87,518, marking a critical resistance level.
TP 2: Near $91,180, an extended bullish target in case of sustained momentum.
TP 3: Final target at $95,329, indicating a potential breakout rally.
Support and Resistance Levels:
The support zone is identified near $85,324 - $83,188, protecting against a downside move.
The resistance zone is around $87,518, a critical breakout level that could confirm further bullish movement if breached.
Risk-to-Reward Ratio:
The trade setup exhibits a high risk-to-reward ratio, suggesting a well-calculated bullish position with limited downside exposure.
Market Sentiment & Outlook
Bullish Bias: The setup indicates an expectation of continued upward momentum if BTC successfully breaks the $87,518 resistance level.
Key Considerations:
Macroeconomic Factors: Interest rates, inflation, and Fed policies could impact BTC’s trajectory.
On-Chain Metrics: Monitoring BTC’s network activity, whale accumulation, and exchange flows can provide additional insights.
Market Volatility: BTC remains highly volatile, and traders should watch for volume confirmations and potential false breakouts.
Trade Setup:
A long position has been placed, likely anticipating a breakout from a key resistance level.
Entry Point: Near $86,148, positioned around a previous consolidation area.
Stop-Loss (SL): Set near $83,188, below the previous swing low to manage risk.
Take-Profit (TP) Targets:
TP 1: Around $87,518, marking a critical resistance level.
TP 2: Near $91,180, an extended bullish target in case of sustained momentum.
TP 3: Final target at $95,329, indicating a potential breakout rally.
Support and Resistance Levels:
The support zone is identified near $85,324 - $83,188, protecting against a downside move.
The resistance zone is around $87,518, a critical breakout level that could confirm further bullish movement if breached.
Risk-to-Reward Ratio:
The trade setup exhibits a high risk-to-reward ratio, suggesting a well-calculated bullish position with limited downside exposure.
Market Sentiment & Outlook
Bullish Bias: The setup indicates an expectation of continued upward momentum if BTC successfully breaks the $87,518 resistance level.
Key Considerations:
Macroeconomic Factors: Interest rates, inflation, and Fed policies could impact BTC’s trajectory.
On-Chain Metrics: Monitoring BTC’s network activity, whale accumulation, and exchange flows can provide additional insights.
Market Volatility: BTC remains highly volatile, and traders should watch for volume confirmations and potential false breakouts.
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runnig 350+pips stay tuned for the final tp
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✅ Accurate trade signals
✅ Smart risk management
✅ Consistency over hype
🔔 Join now and trade with confidence
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
🚀 Precision. Discipline. Results. The market speaks—I listen and execute. 🎯
✅ Accurate trade signals
✅ Smart risk management
✅ Consistency over hype
🔔 Join now and trade with confidence
t.me/+dcr5O2MbVCg0ZDBk
✅ Accurate trade signals
✅ Smart risk management
✅ Consistency over hype
🔔 Join now and trade with confidence
t.me/+dcr5O2MbVCg0ZDBk
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.