$BTC

USDT BULLISH MOMENTUM SURGE – WILL THE RALLY CONTINUE OR RETRACE?

Bitcoin just printed a strong impulsive move on the 15m chart, breaking above multiple local resistances and hitting a high of ~$112,000 before minor rejection. Currently trading at $110,952, BTC remains in bullish territory but shows early signs of profit-taking.

🔑 Key Levels:

Resistance: $112,000 (recent high), $111,600 (minor intraday resistance)

Support: $110,400 (strong immediate support), $109,800 (deeper support for trend protection)

Current Price: $110,952

📈 Trade Setup:

Long Entry: $110,800 – $111,000

Take Profits:

➔ TP1: $111,600

➔ TP2: $112,200

➔ TP3: $112,800

Stop Loss: $110,300 (below immediate support to protect against quick reversals)

💡 Short Market Outlook:

BTC shows strong upward momentum with healthy volume on this breakout. As long as $110,400 support holds, the bulls are in control, aiming for continuation to test higher resistance levels. However, if price slips below $110,300, expect a retracement towards $109,800.

⚠️ Risk Management:

Use strict stop-loss, risk only 1-2% per trade, and avoid chasing entries after rapid spikes to maintain account health and consistent profits.

#Bitcoin #BTCUSDT #CryptoTrading #BreakoutStrategy #TechnicalAnalysis

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