🔑 Context & Levels

Current BTC Price: ~$118,419 (24h range: $117.5K–118.8K)

Bitcoin Dominance: ~60–61%, recently trending down—altcoins gathering momentum.

Macro Trigger: Momentum driven by pro-crypto “Crypto Week” in U.S. Congress, recent ATH breakout past $123K, spot ETF inflows.

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✅ Why LONG BTC Now

Breakout potential: A clear hourly close above $119.9K resistance could ignite a push toward $123K–125K.

Institutional tailwinds: Ongoing ETF inflows, plus macro optimism, provide support.

Altcoin rotation: With BTC dominance declining, a broad crypto rally could feed BTC via liquidity recycling.

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🔧 Trade Setup #1: Impulse Breakout Long

Entry: Market or limit buy above $119,950 (hourly close confirmed).

Stop‑Loss: Below recent low ~$117,476.

Target:

1st: $123,000 (ATH zone)

2nd: $125,000 (psychological level)

📌 Rationale: Break of key resistance, continuation of macro rally, high conviction zone.

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🔧 Trade Setup #2: Pullback Long

Entry: Limit buy on dip to $118,000–118,200 (near support confluence).

Stop‑Loss: Below $117,500.

Target: Stair-step to $119,900, then $123K.

📌 Rationale: Re-entry on healthier consolidation, less risk, targets same bullish move.

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⚠️ Risk Factors to Watch

Failing to reclaim $119.9K could reverse into lower support (~$117.5K).

A sudden altcoin-fueled rotation could pull BTC sideways.

Global macro shocks or negative crypto regulation headlines may cause sell‑off.

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🌐 Altcoins in Focus

With BTC dominance dipping, altcoins are often favored—ETH, SOL, ADA, even meme projects show relative strength. If BTC retraces, consider rotating profits into high-conviction alts for enhanced returns.

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📊 Recap / Mindset

Scenario Action Comment

Close above $119.9K 🟢 Go long Eyeing $123–125K

Dip to ~118K 🟢 Go long Discover value, tighter risk

Breaks below $117.5K 🔴 Pause or short Risk of deeper correction

📎 Tip: Prioritize setups aligning with your risk tolerance and position size.

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Summary:

Long bias on BTC with constructive 1h breakout structure—neckline close above ~$119.9K triggers a long bias toward $123–125K, while dips around $118K offer safer entries. Keep a keen eye on dominance shifts into altcoins—these might amplify overall crypto upside.

$BTC

$SOL

#ETHBreaks3700 #StablecoinLaw