$BTC /USDT – Trade Recap & Next Targets
Bitcoin’s rally surpassed our projected $103K and $104K levels, peaking at $104,192—a flawless execution of our earlier analysis. Let’s break down the setup, gains, and what’s ahead for informed decisions:
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Trade Summary
- Entry Zone: $101,400 (Key support level with bullish reversal signals).
- Exit Target 1: $103,000 | Target 2: $104,000 (Achieved).
- Current Price: $104,150
- Profit Potential: ~$2,700 per BTC (2.7% ROI).
- Market Context: Recovery phase with strong bullish momentum.
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Why Did This Play Work?
1. Technical Catalyst:
- Breakout above the $101K resistance (previous swing high).
- Consecutive bullish candles on the 4H chart, signaling buyer dominance.
- Rising volume confirmed institutional/retail participation.
2. Key Levels to Watch Now:
- Support: $103,500 (New critical zone; hold here could fuel more upside).
- Next Targets:
- Target 1: $105,000 (Psychological resistance).
- Target 2: $106,400 (Year-to-date high from 2021 consolidation area).
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What Should Traders Do Next?
- If Long: Consider partial profit-taking at $105K. Trail stops to lock gains.
- New Entries: Wait for a retest of $103.5K support for confirmation.
- Risk Note: Always use stop-losses (e.g., below $102.8K) to protect capital.
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Community Spotlight
Congrats to those who capitalized! Share your results below:
- Did you secure profits?
- What strategies helped you? (Scalping? Swing trading?)
Let’s turn insights into action. Stay sharp, trade smarter.
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🚨 Remember: Markets are volatile. Past performance ≠ future results. Trade responsibly.
#bitcoin #BTC #TradingSignals #CryptoStrategy #BinanceAlphaPoints
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