BTC/USD – Preparation for Continued Uptrend from Support 👇👇
Bitcoin has respected a strong support area around $100,000–$100,800, showing a clear bullish reaction. As long as this support holds, the trend remains on the long side, with expectations to continue towards the next major resistance levels. The price is now nearing the $104,000–$104,805 area, which is considered a potential breakout zone to confirm bullish momentum.
A sustained move above $104,000 with a retest as support may open the path towards the next bullish targets at $106,176 and $107,548. The structure leans in favor of buyers unless the price breaks below the recent support base, which would weaken the bullish outlook.
Long Plan (Idea based on the chart):
• Entry Area: $104,000 – $104,805
• Stop Loss: Below $103,468
• Targets:
‣ T1: $106,176
‣ T2: $107,548
Why the Long Trend:
• Strong bullish rejection from support
• Market structure shifting to higher highs and higher lows
• Support continues to attract buyers
Cancellation:
A clean break and close for an hour below $103,468 indicates a loss of momentum and may delay bullish continuation.
Alert:
This is a personal market analysis shared for educational purposes only, not financial advice. Always manage risks.
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