$BTC BULLISH SETUP AHEAD OF KEY BREAKOUT ZONE 🚀
Current Price: $106,263.65
24h High / Low: $108,952.38 / $104,980.37
24h Volume: 15,150.60 BTC | 1.62B USDT
📈 TECHNICAL OUTLOOK:
Bitcoin is currently consolidating below a major resistance zone around $108K–$110K after a recent bounce from $105K support. Price action shows bullish structure with higher lows, suggesting accumulation and potential breakout if volume supports the move.
🔍 KEY LEVELS TO WATCH:
Resistance Zones:
🔼 $108,000 – Short-term Resistance
🔼 $110,000 – Psychological & Breakout Level
🔼 $112,500 – Extended Target
Support Zones:
🔽 $105,000 – Immediate Support
🔽 $104,000 – Strong Demand Zone
🔽 $101,500 – Swing Low Support
🟩 TRADE SETUP: LONG IDEA
Entry: On a confirmed break and close above $108,000 (15m/1h candle with volume)
Targets:
🎯 TP1: $110,000
🎯 TP2: $112,500
🎯 TP3: $115,000 (If momentum sustains)
Stop Loss (SL): $104,800 (Below key support and invalidation zone)
🧮 RISK MANAGEMENT:
Risk only 1-2% of total capital.
Use a trailing stop once TP1 hits to protect gains.
Confirm breakout with volume spike before entry.
📊 SUMMARY:
$BTC is in a bullish consolidation phase. A breakout above $108K could open the doors for a rally towards $112K+. Watch for strength in volume and hold of $105K support for confirmation. Big move brewing! ⚡📈
⏳ Stay ready — breakout traders will be watching $108K closely! Want a chart-based breakdown next? Let me know.
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