$BTC $ETH
Something’s brewing in the Bitcoin charts… and it’s getting interesting.
Price is now wrestling with that heavy 117–118k resistance — a level the market hasn’t been able to conquer easily. Each time Bitcoin pushes here, sellers swing in hard, almost like they’re guarding a treasure chest.
But here’s the catch — one strong 4-hour close above 118k with serious volume could flip the script entirely… and once that door opens, the path to 120k might be lightning fast.
Swing Trade Setup – BTC/USD
Bias: Bullish only if breakout confirms
Key Levels:
Resistance: 117,000–118,000 (major supply zone)
Breakout Trigger: 4H candle close above 118,000 with above-average volume
Target 1: 120,000 (psychological round number + measured move from range)
Target 2: 122,500 (extension level if momentum holds)
Stop Loss: Below 116,200 (under recent 4H swing low to avoid fakeouts)
Setup Logic:
Market is testing a well-respected resistance that has rejected price multiple times.
A high-volume 4H close above 118k signals that sellers at this level have been absorbed.
Once cleared, there’s a low-volume gap up to 120k, meaning price could accelerate quickly.
Trade Plan:
Wait for breakout candle close + retest confirmation before entering.
Enter on retest near 118k with tight stop at 116.2k.
Partial profit at 120k, trail stop for runners toward 122.5k.
Risk Note:
If breakout fails and price closes back under 117.5k, expect another rejection toward 115k.
No breakout = no trade. Patience is your friend here.
So now the big question: is this just another tease… or are we about to witness the breakout everyone’s been waiting for? 👀
