Bitcoin is showing strong continuation signals, holding above $119,000 with $991M in volume confirming sustained institutional interest. A bullish flag structure is developing on the 4H chart, supported by an RSI of 62—showing bullish momentum without being overbought.
Entry Zone:
Aggressive: $119,100–$119,500 (Breakout confirmation)
Conservative: $118,000–$118,500 (4H EMA20 retest)
Take Profit Targets:
TP1: $120,000 — Major psychological resistance
TP2: $122,000 — High-liquidity zone
TP3: $125,000 — Measured breakout objective
Stop Loss: $117,500 — Below structural support to avoid fakeouts
Risk Management:
Maintain a 1:3+ risk/reward profile. For aggressive entries, trail stops to breakeven once $120,000 is breached.
For conservative setups, consider scaling in and trailing above $119,000 after confirmation.
The setup favors continuation, especially if BTC prints a 4H close above $119,500.
Trade here 👉🏻 $BTC