$BTC BULLISH SETUP AHEAD OF KEY BREAKOUT ZONE ๐
Current Price: $106,263.65
24h High / Low: $108,952.38 / $104,980.37
24h Volume: 15,150.60 BTC | 1.62B USDT
๐ TECHNICAL OUTLOOK:
Bitcoin is currently consolidating below a major resistance zone around $108Kโ$110K after a recent bounce from $105K support. Price action shows bullish structure with higher lows, suggesting accumulation and potential breakout if volume supports the move.
๐ KEY LEVELS TO WATCH:
Resistance Zones:
๐ผ $108,000 โ Short-term Resistance
๐ผ $110,000 โ Psychological & Breakout Level
๐ผ $112,500 โ Extended Target
Support Zones:
๐ฝ $105,000 โ Immediate Support
๐ฝ $104,000 โ Strong Demand Zone
๐ฝ $101,500 โ Swing Low Support
๐ฉ TRADE SETUP: LONG IDEA
Entry: On a confirmed break and close above $108,000 (15m/1h candle with volume)
Targets:
๐ฏ TP1: $110,000
๐ฏ TP2: $112,500
๐ฏ TP3: $115,000 (If momentum sustains)
Stop Loss (SL): $104,800 (Below key support and invalidation zone)
๐งฎ RISK MANAGEMENT:
Risk only 1-2% of total capital.
Use a trailing stop once TP1 hits to protect gains.
Confirm breakout with volume spike before entry.
๐ SUMMARY:
$BTC is in a bullish consolidation phase. A breakout above $108K could open the doors for a rally towards $112K+. Watch for strength in volume and hold of $105K support for confirmation. Big move brewing! โก๐
โณ Stay ready โ breakout traders will be watching $108K closely! Want a chart-based breakdown next? Let me know.
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