š Binance Square Insights on BTC
1. CupāAndāHandle Formation
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2. Short-Term Bearish Breakout Setup
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3. Bullish Reversal + Liquidation Play
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4. Key Support and Resistance Zones
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5. Bearish Playout
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š What It All Means
BiasScenarioBullishCupāandāHandle + bounce from support ā potential breakout toward $110K+NeutralConsolidation between $105Kā$108K; momentum hinges on volumeBearishBreakdown below $106K with high liquidity ā possible retest of mid $104K
Entry Zones:
Long: $107,200ā$107,600 region with momentum-based confirmation.
Short: $106,900ā$105,600 zone, ideally on rejection near resistance.
Stop Loss Guidelines:
Long: below $106,400ā$106,800.
Short: above $106,300ā$107,400 depending on setup.
Targets: $108,200 ā $110K; conservative shorts aim for $105K ā $103K.
ā Strategy Tips
Volume is key: Look for breakout confirmation with strong trading volume.
Risk management: Most creators suggest ā¤āÆ2ā3% capital risk, with tight stopālosses.
Multiple scenarios: Prepare for both breakout and rejectionāflexibility matters.
š What To Monitor
Breakout above $107.6Kā$108K with strong volume ā bullish acceleration probable.
Failure at resistance ($106.5Kā$107K) ā opens a window for short setups targeting $105Kā$103K.
CupāandāHandle pattern completion ā could trigger a sustained upward move.
š” Final Take
Squareās latest BTC analysis leans bullish, highlighting classic patterns and momentum breakoutsābut also signals cautious setups for potential pullbacks. A smart trader could adopt a dual strategy:
Aggressive long near confirmed breakouts.
Protective short near stalled resistance.
Would you like to explore any of these setups with technical chart visuals, volume indicators, or manage alerts on Binance or another platform?