Hey Binance Square family! Let’s explore a strategic Bitcoin (BTC/USDT) trading plan inspired by real-time technical insights and community-driven ideas. We’ll keep it fun, informative, and Binance-compliant. Let’s go!
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📈 Market Overview
Current Price: Around $105,600–$105,900 USDT
24‑Hour Change: Up ~1.3%, reflecting modest bullish momentum
Key Zones:
Support: $105K–$104K — multiple analysts highlight this as the crucial demand area
Resistance: $106K–$107K — breaking above this could signal a move towards $108K–$110K
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🔍 Technical Setup: Long Opportunity
A symmetrical triangle breakout was recently observed on the 1‑hour chart, with confirmed breakout candles near $105,600 .
A 4‑hour long setup suggests:
Entry: ~$104,994 (where structure broke)
Take Profit: ~$106,180 (+1.13%)
Stop Loss: ~$104,688 (–0.29%) — offers a strong 3.9:1 risk-to-reward ratio
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📌 Trade Strategy
Step Level Plan
1. Confirm Breakout Above $105,600 Wait for clean candle close with volume
2. Entry ~$105,600 After volume confirms breakout
3. TP Target $106,180–$107,000 Capture breakout zone + next resistance
4. SL Placement ~3–5% below entry Use $104,600–104,900 to control risk
5. Watch Zones $104K (support), $107K (resistance) Watch for invalidation (break below support) or momentum (break above resistance)
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💡 Pro Tips from the Community
Volume confirmation is crucial — breakout without volume = potential fakeout
Alternative scenario — if BTC dips below $105K–$104K, be ready for deeper correction before reentry
Psychological comfort — BTC holding $105K is key for altcoin strength
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🧠 Final Take
Bitcoin is showing signs of a technical breakout. A well-defined entry around $105.6K, with tight risk management and proper volume confirmation, offers a favorable 3–4× reward potential. If BTC holds support, the next target lies between $106.5K–$108K.
As always, this is not financial advice. Review levels, manage risk, and follow your trading plan. Trade smart, Binance Square fam! 🚀