$BTC /USDT chart analysis and trade setup

Market Structure:

#BTC Price: $106,051.83

Trend: Bullish continuation with strong momentum after a period of consolidation.

Support/Resistance:

Previous horizontal resistance (~105,000) has been broken and now flipping into support.

Minor pullback tested support, held well, and price surged again.

Heikin Ashi candles showing strong bullish sentiment – minimal lower wicks in the latest green candles.

Peak Profit Zone: Marked at 2134.4% (100x) around the breakout, indicating significant upward movement.

🧩 Trade Setup Suggestion

✅ Long (Buy) Setup:

Entry Zone: $105,500–$106,200 (buy the breakout retest).

Stop Loss: Below $103,500 (below structure and moving average).

Take Profit 1: $108,000 (recent high and profit zone).

Take Profit 2: $110,000–$112,000 (next resistance band, based on upper red trendline).

Take Profit 3 (Swing Target): $115,000+

⚠️ Invalidation:

A close below $103,000 would suggest the breakout has failed, and price may revisit $100K or lower.

🧠 Key Technical Insights:

Higher Lows (L) & Higher Highs (H): Classic uptrend pattern.

Breakout from Consolidation: Price broke above a horizontal resistance zone after multiple tests.

Moving Averages (green line): Supporting price, acting as dynamic support.

Trade Here on $BTC