$BTC BULLISH BREAKOUT SIGNAL – $118,538

Market Sentiment:

Bitcoin is trading in breakout territory with strong bullish momentum. The liquidation heatmap shows a dense cluster of liquidation levels between $118,800 – $120,000, suggesting an imminent sweep and fuel for upward movement.

Yellow zones are flashing high liquidation pressure above—bulls are in control.

🔵 Current Price: $118,538

🟩 Key Resistance Zones:

$119,200 – minor wall

$120,000 – psychological + liquidation cluster

$121,400 – breakout extension zone

Support Levels:

$117,500 – short-term support

$116,300 – invalidation line

Trade Setup (Long Bias):

Entry Range: $118,400 – $118,700

Stop-Loss: $116,200 (below structure + previous demand)

Target 1: $120,000

Target 2: $121,400

Target 3: $123,800 (liquidity vacuum beyond breakout)

Strategy Note:

Breakout is fueled by predicted liquidations above. Quick wicks likely near $120K, followed by a retest. Consider scaling in on retracement if price breaks and holds above $120,000 with volume.

Confirmation:

Look for a 1H close above $120K with strong volume + declining short interest on derivatives.

Next Move:

Wait for a clean break of $120K. If BTC retests and holds, prepare for a strong impulsive leg toward $123K+.

Avoid chasing if price spikes rapidly—use retracement zones for safer entries. Momentum is with the bulls.

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