- Bitcoin is consolidating below the key resistance at $115,000. - A breakout above this level could trigger a strong bullish continuation towards the $118,300-$118,700 supply zone. - The current price action suggests accumulation, and bulls may regain full control if momentum holds.
The trade setup provided is for a long position with the following details:
- Entry Zone: $113,900-$114,100 - Take Profit 1: $116,800 - Take Profit 2: $118,600 - Stop Loss: $112,450
The market outlook is bullish, with the expectation that Bitcoin will break above $115,000 and rally towards $118,600. However, if it fails to break, it may lead to short-term consolidation, but the structure remains bullish unless $112,450 breaks.
Overall, the text provides a technical analysis of Bitcoin's market situation and offers a trade setup based on that analysis. #BitcoinBull #BitcoinMarketDominance #BinanceSquareFamily
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