Trading Strategy: “Breakout with Confirmation and Retest”♟️

Current context:

Bitcoin is trading near $97,900, very close to the key psychological resistance of $100,000, driven by strong inflows into ETFs. An upward breakout is expected if the volume is maintained.

Objective of the strategy:

To take advantage of a breakout confirmed by volume and a possible pullback to take a more secure position with a high probability of success.

Phases of the strategy:

1. Wait for confirmed breakout:

Levels to watch:

$100,000: key psychological resistance.

Confirmation = daily close above $100K with increasing volume.

2. Ideal entry:

Entry on the pullback to the breakout level:

If BTC breaks $100K, wait for a retracement (retest) to the zone between $98,500 - $100,000.

Confirm a bounce in that zone with a bullish reversal candle (e.g., hammer or engulfing).

3. Take Profit (TP):

First target: $105,000

Second target: $109,000 (technical maximum projected by current momentum)

4. Stop-Loss (SL):

Recommended level: $96,000, below the recent support and the pullback, to limit losses if the breakout is invalidated.

Estimated Risk/Reward:

Risk: $4,000 (entry at $100K, SL at $96K)

Reward: $5,000–$9,000 (TP1 at $105K, TP2 at $109K)

Risk/reward ratio = 1:1.25 or 1:2.25 (very favorable)

Additional tips:

Use a trailing stop if BTC exceeds $105K to protect profits.

Do not enter on the initial breakout if the volume is low. It could be a false signal.

Ideal for traders with a short to medium-term technical focus.