📊 Current Market Snapshot

$BTC /USD: $109,121

24h Change: +1.05%

24h High: $109,574

24h Low: $107,846

Market Cap: ~$2.17 trillion

24h Volume: ~$39.08 billion

BTC/INR: ₹9,354,216

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🎯 Trade Plan

✅ Trade Type: Spot Buy (Long Position)

📌 Entry Zone: $108,000 – $108,500

Rationale: BTC is consolidating near support levels, with a potential breakout above $109,500.

🚨 Stop-Loss: $107,000

Rationale: To limit potential losses if the market moves against the position.

💰 Take-Profit Targets:

T1: $110,000 – Near-term resistance level.

T2: $112,000 – Mid-term resistance.

T3: $115,000 – Long-term resistance.

📈 Risk-Reward Ratio: Approximately 2:1

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🧠 Strategy & Market Context

Technical Indicators: BTC is forming a bullish "cup and handle" pattern, suggesting a potential breakout towards $230,000 in the long term .

Market Sentiment: Positive, with increased institutional interest and ETF inflows .

Global Factors: Continued adoption of Bitcoin as a hedge against inflation and currency devaluation.

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⚠️ Risk Management

Position Size: Allocate no more than 2–5% of your trading capital to this position.

Diversification: Avoid overexposure to a single asset.

Regular Monitoring: Keep an eye on global economic events that could impact Bitcoin's price.