#btc $BTC

• Timeframe: 4H

• Current Price: ~$94,647

• Recent Structure:

• Price has seen a strong rally from the ~$80,000 level.

• Consolidation forming a potential bullish flag/pennant near the highs.

• Volatility has compressed near $94,500–$96,000.

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Key Levels:

Resistance:

• $96,000–96,500: Strong short-term resistance. Price has rejected multiple times here.

• $98,000–100,000: Round number psychological zone, potential take-profit area if breakout occurs.

Support:

• $93,000: Minor support from consolidation lows.

• $91,500–92,000: More solid support from previous range base.

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Trade Setup (Bullish Bias):

Entry:

• Breakout Entry: Above $96,600 with strong volume confirmation (breakout of range).

• Alternative: Aggressive entry at current level ($94,600) with tight stop-loss.

Stop-Loss:

• Conservative: Below $93,000

• Aggressive: Below $94,000 (tight)

Targets:

• TP1: $98,000

• TP2: $100,000

• TP3 (extended): $102,000+

Risk-Reward on Breakout Trade:

• Entry: $96,600

• SL: $93,000 (risk ~$3,600)

• TP1: $98,000 (reward ~$1,400)

• TP2: $100,000 (reward ~$3,400)

• TP3: $102,000 (reward ~$5,400)

Best risk-reward comes if you’re already in from the $94,600 area.

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Bearish Scenario (if breakdown occurs):

If BTC breaks below $92,000 with strong momentum, we could see a retracement to:

• $88,000 (gap fill and previous consolidation)

• $85,000 (strong structural support)

You could short a breakdown with:

• Entry: Below $91,800

• SL: Above $93,000

• TP: $88,000 / $85,000