$BTC
š„ BTC/USDT ā Trend Continuation Setup (Bullish Bias)
š Timeframe: 1H
š° Current Price: $111,063
š Trend Context: Strong uptrend with higher lows, breakout above previous range high, consolidating in a bull flag formation ā potential for continuation.
š© Entry Plan (Long):
š Entry Zone:
Aggressive: $110,500 ā $111,300 (buy during consolidation)
Conservative: Entry on breakout above $112,000 with volume confirmation
šÆ Take-Profit Targets:
šÆ TP1: $11,800
šÆ TP2: $112,000
šÆ TP3: $112,500
š”ļø Stop-Loss:
š» SL: $107,800 (below last significant swing low and support trendline)
āļø Risk-Reward Tip:
Entry: $111,000 | SL: $107,800
TP2: $112,500 ā Risk:Reward ā 1.7:1
š Consider scaling out at TP1 and moving SL to breakeven
ā
Confirmation Triggers:
šø Break and close above $112,000 on strong volume
šø Momentum in RSI/MACD confirming bullish continuation
šø No bearish divergence and BTC dominance holding or rising
š„ Signal Strength:
High ā Clean uptrend, strong volume, consolidation near local highs. Any breakout from current range may trigger a wave of FOMO buying.