#CryptoCharts101 Break and Retest on the First Quarterly Level → Targets at QP2 and YP1

I am observing the $BTC pair on the daily chart, where it decisively broke the first quarterly level (the dashed white line at around $102,400) and immediately retested this level as new support. This classic "break and retest" pattern indicates a strong shift in institutional positions:

Setup

for the breakout: Bitcoin closed above QP1 with higher-than-average trading volume, indicating buyer confidence.

Retest: A clear pullback to QP1 held without breaking, confirming liquidity absorption and support reversal.

Entry

: Enter a long position at the first daily close above the retest low (around $102,500).

Targets:

TP1 (Second Quarterly Level): around $111,400.

TP2 (First Annual Level): around $121,000.

Set a stop-loss

just below the retest low at around $100,500, limiting risk to about 2% of the current price.

Risk Management:

Define your investment position size such that any decrease of $2,000 does not exceed 1-2% of your total capital.

Outlook and Catalysts:

Overall liquidity remains supportive with cautious signals from central banks.

Watch for a monthly close above $107,000 to increase confidence.

#Binance