📈 Bitcoin Breakout Setup – Is $120K Next?
Timestamp: 2025-05-21 13:32 UTC
Current Price: $108,947 (Binance Spot)
24H High: $109,082
24H Low: $105,243
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Market Context:
Bitcoin just tagged a fresh ATH at $109,082 and is holding above prior resistance.
Volume remains healthy, and we’re now entering a critical breakout zone.
RSI (4H): 71 – slightly overheated but not extreme
MACD (1D): Bullish, momentum still rising
Order Book (Binance): Resistance block between $109.6K–$110.2K
On-chain flows: Net exchange outflows, indicating accumulation
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GrowEasy Trade Signal – $BTC (Binance)
Entry: Buy breakout above $110,200 (confirmation with volume)
Stop Loss: $107,500 (below last consolidation range)
Take Profit 1: $114,800
Take Profit 2: $119,700
Risk/Reward Ratio: ~1:2.3
Invalidation: Daily close below $107,000 = weakness
Rationale:
A sustained move above $110.2K triggers short liquidations and a price discovery spike.
This level is also aligned with Binance’s visible order wall zone. Use scaling strategy for entries.
