$BTC BULLISH MOMENTUM SIGN
📈 BTC/USDT Technical Analysis & Strategy
🧠 Symbolic Overview:
Symbol: BTC/USDT
Price: $107,837.8
Volume (24h): $1.79B
Market Cap: Strong and globally dominant
---
🟡 Chart Pattern Overview:
1. Symmetrical Triangle Formation
BTC appears to be consolidating within a symmetrical triangle after recent highs.
Price is squeezing toward the apex, hinting at a potential breakout or breakdown.
2. Higher Highs & Higher Lows
BTC is still in a broader bullish market structure on the daily and weekly charts.
Key support has been rising, indicating healthy buyer interest on dips.
---
🔍 Key Technical Indicators:
RSI (14-day): 61 → Slightly overbought, room for more upside but not stretched
MACD: Still bullish, but histogram is flattening—watch for crossover
Volume: Cooling after the spike, indicating possible breakout prep
50-day MA: ~$104,000 (support)
200-day MA: ~$97,500 (major support)
---
🎯 Unique Trading Strategy
📌 Scenario 1: Bullish Breakout
Entry Point: On breakout above $110,000 with volume confirmation
Targets:
TP1: $112,500
TP2: $118,000
TP3: $125,000
Stop-Loss: Below $106,500
📌 Scenario 2: Bearish Breakdown
Entry Point: On breakdown below $106,000 with strong bearish candle
Targets:
TP1: $103,000
TP2: $99,000
Stop-Loss: Above $108,500
📌 Scenario 3: Range Trading (Short-Term Scalping)
Range: $106,000 – $110,000
Strategy: Buy near $106K support, sell near $110K resistance
Use tight SLs and low leverage.
