$BTC

📊 BTC/USD – Uptrend Support Rebound Setup

🕐 Timeframe: 1H

💰 Current Price: $108,293

📈 Trend Context: BTC is in a rising channel supported by a consistent ascending trendline. The recent pullback has respected trendline support, and the price is attempting a higher low recovery.

🟩 Entry Plan (Long Bias):

📌 Entry Zone:

Aggressive: $107,800 – $108,300 (current retest zone after bounce)

Conservative: $106,200 – $106,800 (closer to trendline and demand wick)

🎯 Take-Profit Targets:

🎯 TP1: $109,800 (last local resistance)

🎯 TP2: $111,500 (recent high)

🎯 TP3: $114,000 (next key extension level)

🛡️ Stop-Loss:

🔻 SL: $105,200 (below ascending trendline and previous swing low)

⚖️ Risk-Reward Tip:

Entry: $108,000 | SL: $105,200

TP2: $111,500 → Risk:Reward ≈ 1.25:1

TP3: $114,000 → Risk:Reward ≈ 2:1

Adjust SL to breakeven at TP1.

🔄 Alternate Bearish Setup:

If BTC breaks below $105,000 with volume:

🔻 Possible move toward $101,800–$102,500

⚠️ Trendline break would invalidate bullish structure

✅ Confirmation Triggers:

🔸 Bullish engulfing candle near $108,000

🔸 Break and hold above $109,000 on volume

🔸 S&P 500 or ETH showing strength (correlation)

🔥 Signal Strength:

Strong – High-probability trend-continuation setup with clear invalidation and good structure alignment.