$BTC got TP1 at 109,800 – Range Breakout Watch

📊 Trade Setup: $BTC – Consolidation Before Breakout?

BTC is showing signs of stabilization after a sharp drop. On the 4H chart, it’s forming a base near the lower Bollinger Band with slight MACD recovery. 1H EMAs are compressing — a breakout may follow.

📌 Trade Plan

📈 Long Entry: 109,200–109,300 USDT (on support hold and volume uptick)

🎯 Take-Profit Targets:

- TP1: 109,800 USDT – EMA20 on 4H

- TP2: 110,400–110,800 USDT – EMA50-100 cluster resistance

🛑 Stop-Loss: 108,800 USDT – Below 4H candle bottom and lower Bollinger Band

Risk:Reward ~ 1:1.8

⚠️ Risk Factors

Weak BTC bounce could signal trap for early longs.

Watch macro trend and weekend volatility.

#BTC #CryptoTrading #BinanceFutures #Bitcoin #BinanceSquare