🔎 Bitcoin Market Analysis
Current Price: ~$111,000
Range: $BTC is consolidating between $110K support and $112.5K resistance after bouncing back from late-August lows.
Trend: Still bullish on higher timeframes (daily/weekly) despite short-term volatility.
Support Zones:
Strong support: $107K – $110K (buyers defending this range).
Resistance Zones:
Immediate resistance: $112.5K – $114K
Major resistance: $120K (key breakout level).
Indicators:
RSI hovering mid-zone (no extreme overbought/oversold).
Futures open interest rising (~$41B), suggesting momentum is building.
September is historically weak, but institutional ETF flows and Fed rate-cut expectations may offset bearish seasonality.
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🎯 BTC Trade Setup
Setup: Long trade on breakout continuation
Entry: $111,500 – $112,000 (on confirmed 1H/4H candle close above $111.5K)
Stop-Loss: $109,500 (below key support & liquidity zone)
Targets:
🎯 TP1: $114,000
🎯 TP2: $118,000
🎯 TP3: $120,000
Risk/Reward: ~1:3 (depending on execution).
✅ Trade Idea:
If BTC sustains above $111.5K, momentum could push toward $118K–$120K. Failure to hold above $111K could see a retest of $109K–$107K (good hedge/short setup there).
