🚀$BTC Bullish Breakout Analysis – Targeting Higher Highs🤔🔐👇
Timeframes Analyzed: 4H & 1H
Current Price: ~$115,900
Trend Bias: Bullish Momentum
🔍 Technical Breakdown:
🕓 4H Chart Insights:📊👨🏫
Massive Breakout above the key resistance zone of $112,000 (red box zone).
Strong green candles indicate institutional momentum or whale activity.
RSI at 82.42 shows overbought, but no sign of reversal yet.
All EMAs (20/50/100) are sloping up – trend confirmation.
🕐 1H Chart Observations:📊👨🏫
Clean breakout structure with higher lows and strong follow-through.
Small consolidation under $116K indicates healthy profit-booking or accumulation.
RSI still strong at 74.53, slightly cooled off from earlier peak.
Price riding above the EMA-20 – intraday trend support at ~$113,500.
🎯 Trade Plan (Short-Term Bulls):🔥
✅ Entry Zone:
Current price (~$115,900) is valid for momentum buyers
Or wait for retest around $113,500–$114,500 support
🎯 Targets:
$117,500
$119,800
$121,200+ (psychological round level)
🛑 Stop-Loss:
Below $112,500 (breakdown of structure)
🕒 Trade Duration:
2–3 Days (short-term swing)
📊 Key Indicators:
RSI Overbought on 4H: ⚠️ Suggests possible sideways or mild pullback.
Moving Averages trending upward – supportive of bullish continuation.
No divergence spotted – structure remains intact.
🧠 “In breakout trading, watch the retest level. If bulls defend it, the move is genuine. Avoid chasing spikes blindly.”
📌 This analysis is for educational purposes only. Always DYOR and use proper risk management.