📈 BTC/USDT (1H) – Range Breakout Setup

Exchange: Binance – Perpetual Contract

Current Price: $103,832.2

Volume: 36.08K

Change: +0.06%

❗Signal Type: Range Breakout / Momentum Scalping

BTC is showing consolidation within a horizontal range following a strong bullish move from May 7–8. Price has respected both support and resistance zones multiple times, indicating that a breakout is nearing. Volume remains relatively stable but spikes during tests of key levels, hinting at potential accumulation.

🔍 Technical Highlights:

Range Support Zone: $103,300–$103,500

Range Resistance Zone: $104,200–$104,400

Candle Structure: Tight-bodied candles with wicks in both directions suggest indecision and breakout pressure

Volume: Flatlining with brief spikes—watch for breakout volume surge

📊 Trade Setup:
🟢 Breakout Long Setup:

Entry: Break and close above $104,400 with increased volume

Stop-Loss: Below $103,900 (last local low)

Take Profits:

TP1: $105,200

TP2: $106,300

TP3 (extension): $107,000+

Confirmation: Bullish engulfing or volume candle > previous 3 bars

🔴 Fakeout Short Setup:

Entry: Rejection at $104,400 followed by bearish engulfing candle

Stop-Loss: Above $104,600

Take Profits:

TP1: $103,600

TP2: $102,800

TP3: $101,700

Risk/Reward: 2.5:1 on average

⚠️ Invalidation:

Long setup fails if price is rejected on breakout attempt and closes below $103,600

Short setup fails if price breaks and sustains above $104,600

📌 Pro Tip:

Watch for a volume spike + RSI divergence to time the breakout or fade move better. If BTC breaks the range top on strong 15min volume, momentum traders could amplify the move.

Buy and Trade Here $BTC