Bitcoin is currently consolidating tightly near its all-time highs around $117,800, forming a potential bullish pennant. The strong volume and steady price action suggest continuation is likely, especially if price breaks above $118,200 with conviction.
Entry:
Aggressive: $117,500 - $117,800
Targets:
TP1: $119,000
TP2: $120,000
TP3: $122,000
Stop Loss:
Aggressive SL: $116,500
Risk Management:
Never risk more than 1-2% per trade regardless of setup. Use position sizing based on stop distance and account size.
Always take partial profits at TP1 to reduce exposure. Stick to the plan don’t chase breakouts without confirmation.
Trade here 👉🏻 $BTC