1/ ๐ $BTC Technical Breakdown
Bitcoin just broke out of a falling wedge โ a classic bullish reversal pattern. Letโs talk strategy. ๐
#Bitcoin #BTC #Crypto #Trading
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2/ ๐ The Breakout
BTC broke out with strong volume and momentum, flipping the key $110K resistance into support โ a bullish signal that confirms the breakout's validity.
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3/ ๐ง What's the Target?
Using Fibonacci extensions:
๐น 1.618 @ $121,500
๐น 0.618 @ $122,920
These are the immediate upside targets if the momentum continues.
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4/ ๐ Potential Pullback Zone
Price may cool off around the $114Kโ$115K region (mid-range supply zone).
This could be an area to:
๐ Re-enter on pullbacks
๐ Lock partial profits
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5/ ๐ Risk Management
If BTC loses the $110K support, bullish bias weakens.
Below that: next major support sits around $100K.
Always define your invalidation point.
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6/ ๐ฏ Strategy TL;DR:
Entry: On breakout retest or pullback to $114K
TP1: $121.5K
TP2: $122.9K
SL: Below $110K
๐ Bias: Bullish while above $110K
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7/ ๐ง Final Note
Patience > Prediction.
BTC looks strong, but the best traders let price action lead the way. Stay sharp.
#CryptoTrading #BTCUSD #BitcoinAnalysis #CryptoStrategy