Bitcoin (BTC) has broken out above $106,000, with a current price of $106,447.63 and a 3.18% increase. The market structure shows a clean breakout from the lower consolidation near $103,000, accompanied by a strong bullish engulfing candle on the 1-hour chart.
*Trade Setup:*
- *Entry Zone:* $105,500 - $106,000
- *Take Profit Targets:*
- TP1: $107,200
- TP2: $108,500
- TP3: $110,000
- *Stop Loss:* $103,800
If Bitcoin holds above $106,000, it could trigger a surge in bullish altcoin setups. Keep a close eye on your watchlist for potential opportunities.
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