$BTC BULLISH SETUP – EYEING A BREAK TOWARD $110K? 🚀💰
Bitcoin is currently trading at $105,472 (+0.04%), consolidating within a tight range just below key resistance. Price structure and volume hint at a potential bullish breakout, but caution is needed around immediate levels.
🔍 TECHNICAL ANALYSIS
Current Price: $105,472
24h High/Low: $106,128.57 / $104,494.53
Volume:
📊 BTC Volume: 7,221.74 BTC
📊 USDT Volume: $760.68M
🔑 KEY LEVELS TO WATCH
Resistance Levels:
🔺 $106,000 – Local resistance
🔺 $108,000 – Mid-term resistance
🔺 $110,000 – Psychological & major breakout target
Support Levels:
🔻 $104,500 – Immediate support
🔻 $104,000 – Strong structural level
🔻 $102,800 – Key invalidation point
📈 TRADE SETUP – LONG IDEA
Entry: On breakout & 1h close above $106,200
Stop Loss: Below $104,000
Take Profits:
🎯 TP1: $108,000
🎯 TP2: $109,500
🎯 TP3: $110,000
🛡️ RISK MANAGEMENT TIPS
✅ Risk only 1–2% of capital per trade
✅ Wait for candle close above resistance to confirm entry
✅ Move SL to entry after TP1 to protect profits
🔥 Bitcoin bulls are building pressure below $106K. A confirmed breakout could trigger a rapid move toward $110K+. Watch volume spikes and momentum closely.
🚨 Stay patient and disciplined – breakouts often come after tight consolidations.
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