$BTC USD BULLISH STRUCTURE INTACT – CUP & HANDLE PATTERN POINTS TO MASSIVE UPSIDE! 🚀
🔍 Technical Analysis Breakdown:
Current Price: ~$67,500 (approx.)
Pattern Formed: Classic Cup and Handle pattern forming after a breakout from long-term accumulation.
Major Support Zone: $60,000 – $62,000
Breakout Zone: $68,000 – Price is hovering just below this, ready for a potential breakout.
Next Resistance Target: $74,000 and above
Measured Move Target (Cup Projection): ~$85,000
📈 Trade Setup (LONG Entry):
Entry Zone: $67,000 – $68,000 (preferably on breakout with volume confirmation)
Take Profits:
TP1: $74,000
TP2: $78,500
TP3: $85,000
Stop Loss: $64,800 (below handle support)
📉 Market Outlook:
The structure remains bullish with volume building and price respecting all previous breakout levels. The handle is now nearly complete and a clean breakout above $68K could lead to rapid price expansion. Historical volume profile confirms price acceptance in this region before the next leg.
⚠️ Risk Management:
Always use position sizing based on 1-2% risk per trade, adjust SL if volatility increases, and secure partial profits at key resistance zones.
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