$BTC is preparing for a breakout. Up or down — the question is open.
A descending wedge is forming on the chart — a classic formation before a rise. If the price breaks above $108K, I expect movement to $110-112K. However, short corrections are possible before this — I mentioned this earlier.
📊 My strategy:
Order 1: Purchase BTC with 15% of capital @ $105.5K
🎯 Target: $111K | 🛑 Stop: $102.2K
Order 2: Purchase BTC with 30% of capital @ $101.5K
🎯 Target: $109.5K | 🛑 Stop: $97.5K
Order 3: Sell 80% of available BTC @ $109.5K
After the breakout upwards — I expect a pullback of ~5% to buy more and enter long with new momentum.
If the price breaks the support — stop losses will trigger, and complete liquidation of the asset will occur at $97.5K to avoid larger losses.
Why am I not buying at $103K, but selling? Because if this level is broken, the price immediately heads to the next support — $101K, where I will buy more.
In this publication, I have outlined my personal thoughts on the current situation. I try to act cautiously and urge you to make your own decisions regarding how to manage your capital. I wish you successful trading and profitable deals.
