$BTC š Market Context & Technical Setup
Recent Rally & Resistance
BTC has recently surged toward its May 22 ATH (~$111,970), trading above $110K thanks to favorable macro indicators and institutional ETF inflows .
Chart Patterns & Key Indicators
Flag breakout and a bullish āgolden crossā (50-day MA crossing above 200-day MA) signal upward momentum .
Momentum oscillators like RSI (~60ā68) show bullish but not overbought conditions .
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š Key Levels
**Resistance (Upside Targets)**
**$112K**: near ATH and initial barrier .
**$120ā125K**: next bullish zone if momentum continues .
**$137K**: extended target per trend-channel projection .
**Support (Downside Floors)**
**$108Kā110K**: short-term support and buying zone .
**$100K**: psychological and historical pivot .
**$95K**: deeper correction zone should $100K break .
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šÆ Entry & Exit Strategy
Entry Levels
Aggressive: $110ā112K supportāideal for momentum plays, aiming for the $120ā125K zone.
Conservative: wait for a dip/break toward $108K or even $100K to enter and reduce risk.
Exit Levels / Take Profit
Near-term target: $120ā125K (first round).
Extended target: $137K if strong continuation follows .
Stop-Loss / Risk Management
Place stops just below $108K on short-term trades, or below $100K on longer-term positions. Alternatively, use a percentage-based stop (e.g., 5% below entry).
