$BTC

Today we're exploring BTC/USD through the power of Fibonacci retracement & extension, one of the Square-approved tools that brings both precision and structure. Let’s peel the layers—friendly, data-driven, and clear! 😊

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🧩 Fibonacci Framework: Chart Breakdown

Bitcoin has recently broken out of a descending channel, triggering a fresh bullish wave—classic breakout action confirmed by rising RSI and bullish MACD .

From the swing low ($110 587), key Fibonacci retracement levels line up neatly:

💡 23.6%: ~$108 800 – First bounce zone

38.2%: ~$109 250 – Mid-tier support

50%: ~$109 858 – Core support on dips

61.8%: ~$110 300 – Strong bounce region

These zones align with pivot levels and dynamic EMAs—great supplement to Square style setups .

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🎯 Trade Plans – Square Family Style

🌟 Breakout Play

Trigger: Clean close above ~$112 894 (Fibonacci 100% + channel resistance) with volume spike .

Targets:

TP1: $120 000–$128 500 (Fibonacci extensions + Reuters breakout levels)

TP2: $135 000–$146 400+ (larger fib targets, per technical models)

Stop-Loss: Below $109 250–$109 858 (38–50% retracement)

🛍️ Bounce Setup

Entry: On dip into $108 800–$109 858 zones with bullish candlestick.

Targets/SL: Same as breakout trade.

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🛡️ Risk Radar

Pullback Risk: If BTC fails above $112 894, a drop into "thin air" between $113 735–$108 524 could happen fast .

Deeper Drop: A breakdown of $108 800 could push price to $105 144–$105 130, aligning with fib 50%–61.8% .

Macro events: Geopolitical news can tip scales—always keep size reasonable.

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🔍 Why This Coheres

A recent high of $116 868 broke old resistances, backed by strong ETF flows, on-chain accumulation, and rising volume .

Spot BTC ETF demand is active, while on-chain momentum remains high .

The fib-structured breakout framework meshes with square’s standard of clarity and checklists.

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📝 Square Summary Table

Strategy Entry Condition Targets Stop-Loss

Breakout Close > $112 894 w/ volume $120 K → $128.5K → $135–146K+ ~ $109.25–109.85 fib zone

Bounce Dip to $108.8–109.85 + bullish signal Same as above < $108.8

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✨ Final Thoughts

Bitcoin is embracing Fibonacci's flow: retracement zones aligning, volume support, and potential extension targets around $128K–$146K. If momentum stays, these level plays could be fruitful. If BTC tests support, it creates safer bounce zones for entries.

Square Fam—what's your fib trade? Want a volume overlay or sentiment poll? Let’s build it together! 🤝

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