#Bitcoin ($BTC ) – Bullish Breakout Signal
Market Sentiment:
Bitcoin continues to exhibit strength, pushing through resistance levels with increasing bullish momentum.
A wave of short liquidations—totaling $48,291 at $93,767.98—has ignited further upward pressure, signaling strong buyer control and panic among overleveraged bears.
Key Technical Levels:
Resistance Turned Support: $93,800
Next Resistance Zones: $95,400 – $97,000
Major Breakout Level: $94,200
Trade Setup – Long Position:
Entry Zone: $93,800 – $94,200 (on retest or confirmed breakout)
Targets:
TP1: $95,400
TP2: $97,000
TP3: $98,500 (extended target if momentum holds)
Stop-Loss: Below $92,700 (invalidate breakout structure)
Technical Outlook:
Price action is favoring a sustained breakout following short squeeze momentum. Bullish volume is rising, and the consolidation breakout from the ascending triangle pattern points toward continuation.
Next Move:
Watch for a clean retest of $93,800 or strong breakout candles above $94,200 with volume confirmation.
$BTC is poised for a sharp leg upward if bulls maintain control above the breakout zone.
Strategy Tip:
Layer entries and adjust stops to lock in profits as targets hit. Momentum traders should monitor RSI for overbought signals and adjust leverage accordingly.
This breakout is just heating up—be ready for fast moves and manage risk smartly.
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