🚀 BULLISH BREAKOUT IMMINENT: BTCUSDT 🚀
Current Price: $109,744.0 (+0.04%)
# Why Bulls Are Dominating:
1️⃣ Price Structure:
- Trading ABOVE middle Bollinger Band (108,825) — bullish momentum intact.
- 24h High at $110,400 → Breakout target: $110,689 (Upper BB).
2️⃣ Momentum Surge:
- RSI(6): 60.8(bullish, no overbought signal).
- MACD: 42.5 (strong bullish crossover → acceleration phase).
- Stochastic RSI: 74.2 (bullish momentum, room to run).
3️⃣ Short Squeeze Fuel:
- 62.56% SHORTS (L/S Ratio: 0.60) → Liquidation cascade risk if price climbs.
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### Critical Levels & Strategy:
- BREAKOUT ZONE: $110,689 (Upper BB) → Confirm with volume for $113,417 target.
- SUPPORT: $108,825 (middle BB) → Buy-the-dip zone.
- RISKS:
- OBV (-680K): Weak volume conviction — requires breakout confirmation.
- Basis (-46.89): Mild futures bearishness, but shorts are trapped.
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### Trade Plan:
- Aggressive Entry: Buy above $110,689 (Upper BB breakout) → SL: $109,000.
- Conservative Entry: Buy dips to $108,825 (middle BB) → SL: $107,500.
- Targets:
- TP1: $111,960 (swing high).
- TP2: $113,417 (next resistance).
⚠️ Warning: Negative OBV = volatility risk. Trail stops as price climbs!
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🔥 Like if you’re betting on the $BTC pump! Drop your targets below!