$BTC Trade Position Overview

1. Short-Term Scalp: SHORT

Reason: Entering overbought territory near intraday high expect possible short-lived pullback.

Entry: $121,800 – $121,900

Stop-Loss: $122,100

Targets:

TP1: ~$121,200

TP2: ~$120,500

2. Breakout Setup: LONG

Reason: Sustained strength and technical tailwinds suggest a breakout could lead to significant upside.

Entry: On clean close above $122,000 with confirmation.

Stop-Loss: $121,000

Targets:

TP1: ~$125,000

TP2: ~$130,000+ (extend if momentum continues)

Summary Table

Time Horizon Trade Direction Entry Level Stop-Loss Targets

Scalp (Short) Short $121.8K–$121.9K $122.1K $121.2K → $120.5K

Breakout (Long) Long > $122.0K (confirmed close) $121.0K $125K → $130K+

Current Market Bias: Favors Short-term Scalp Short, due to overbought levels and nearing resistance. However, if BTC breaks clean above $122K, the trend favors a Long breakout play.