weekly timeframe, which gives us a strong macro perspective for a swing or long-term trade.

📊 Chart Summary (Weekly TF – BTC/USD)

Current Price: $105,443.90

Weekly High: $111,965.80

Key Weekly Support: $103,372, $89,068

Major Historical Demand Zones: $57K, $51K, $50K, $40K, $38K, $34K, etc.

Trend: Bullish (strong uptrend continuation after a breakout)

🔎 Technical Observations

Breakout Confirmed: BTC broke out from a descending triangle and continued upward.

Retest Successful: A clear pullback to the previous resistance (~$89K) now acting as support.

Volume: Increasing during bullish weeks — confirms buying pressure.

MA Support: Price is riding the 9-week EMA, typical of strong bull runs.

✅ Swing Trade Setup (Bullish Continuation Play)

🔹 Entry (Buy):

Buy on retest of $103,000–$104,000 zone

OR market buy a small portion now and DCA if price dips to that zone

🔹 Stop-Loss:

Below $89,000 (beneath last strong support)

Conservative: $98,000

Aggressive: $91,000

🔹 Targets:

TP1: $111,965 (recent high, partial take profit)

TP2: $120,000

TP3: $132,000–$135,000 (Fibonacci extension zone)

TP4 (cycle top estimate): $150,000+

🧠 Risk Management & Strategy

Risk only 1–2% of capital per trade.

If entering now, be aware price is slightly overextended. Retest entries are safer.

Use trailing stop to lock in profits as BTC climbs.

🟡 Alternative (Bearish Scenario)**

If BTC fails to hold above $103,000 and closes a weekly candle below $100,000, expect a deeper retracement:

Potential support: $89,000 → $80,000 → $69,000