$BTC READY TO BREAKOUT — $BTC LONG SETUP
Bitcoin is coiling tightly beneath a key resistance zone, and the breakout looks imminent. After multiple failed attempts to break above $27,800, price is now forming a bullish pennant on the 4H chart. Volume is compressing, volatility is low, and RSI is resetting—classic signs of a potential explosive move.
MARKET DIRECTION: Bullish
ENTRY: $27,850 (on breakout confirmation)
TP1: $28,400
TP2: $29,200
TP3: $30,000
SL: $27,300 (below pennant support)
RISK MANAGEMENT TIP:
Use 1–2% of your account size. If price rejects the breakout, wait for a retest of $27,300 before re-entering. Avoid chasing green candles—let the setup come to you.
WHY THIS MATTERS:
- 200 EMA on 4H is acting as dynamic support
- MACD histogram flipping bullish
- DXY showing weakness, supporting crypto upside
- BTC dominance rising—altcoins may lag initially
- Fear & Greed Index still neutral, room for sentiment shift
This setup favors disciplined traders who wait for confirmation and manage risk. Don’t trade the hype—trade the structure.
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