$BTC /USDT data you provided:
$BTC /USDT – BULLISH BREAKOUT TOWARDS NEW HIGHS
Current Price: $118,890.69 (+1.74%)
24h High: $119,113.94 | 24h Low: $116,359.89
Key Levels
Resistance 1: $119,200 (Immediate breakout zone)
Resistance 2: $120,000 (Psychological level)
Support 1: $118,500 (Near SAR level)
Support 2: $117,800 (Key demand zone)
Technical View
BTC is consolidating near its 24h high with strong bullish momentum. The SAR (118,509) and EMA trend both favor the upside. Price is holding above the mid-Bollinger band, showing strength. If $119,200 is broken, a rally towards $120,000+ is likely.
Trade Setup – LONG
Entry: $118,800 – $119,000
Targets:
TP1: $119,500
TP2: $120,000
TP3: $121,200
Stop Loss: $117,800
Risk Management
Use 2-3% of portfolio per trade, trail stop after TP1 is hit, and adjust size if volatility spikes.
Bias: Bullish while above $118,500.
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