$BTC – LONG TRADE SETUP:
Bitcoin is currently breaking resistance levels after a solid upward move. The price is nearing the critical level of $117,934, with a potential target around $118,066.48. The current structure shows strong upward momentum, indicating that a retest of this area could lead to further upside.
Trade Setup:
Entry: $116,950
Stop Loss: $116,440
Take Profit: $117,934 (TP1), $118,066 (TP2)
Risk management is crucial as price is approaching key resistance. A clean breakout above $117,934 would confirm the bullish continuation.
Stay cautious of a reversal at the resistance.
