$BTC - King Coin Consolidates for Next Leg 🏰
$BTC holds $119,742 (+0.99%) above critical $118K support. 3.16B USDT volume defends gains as compression tightens. Daily close above $120,500 triggers macro breakout.
Trade Setup – Breakout Long
Entry Zone: $120,000 – $120,500 (historical resistance)
Stop Loss: Below $117,500 (daily support)
TP1: $122,500 (liquidity pool)
TP2: $125,000 (psychological target)
TP3: $130,000 (macro measured move)
Market Insight
Volume Power: MA(10) volume 1.05K BTC confirms institutional interest.
Key Catalyst: US market open likely triggers volatility expansion