$BTC TECHNICAL ANALYSIS: BULLISH BREAKOUT EXPECTED
The chart shows a strong bullish momentum forming over multiple timeframes. Recent depth levels indicate accumulation around $8.8162 and support confirmations at $11.6089, suggesting buyers are stepping in aggressively. Key resistance at $14.4015 is likely to be tested next, providing an opportunity for a strategic long entry.
Trade Setup:
Long Entry: $11.6089 – $13.7668 zone
Targets (TP): TP1: $14.4015, TP2: $15.8000, TP3: $16.5000
Stop Loss (SL): $11.0000
Risk Management: Keep risk per trade under 2% of total capital. Adjust position size according to SL distance to preserve capital in case of unexpected retracements.
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