đš $BTC â ON THE EDGE đš
Bitcoin is coiling inside an ascending triangle around $114,300, with higher lows steadily compressing price. Volume profile shows tightening participation, so the next directional move should be decisive.
Key levels:
- Resistance (flat top): $114,300
- Rising support trendline: dynamic, current touch â $113,000â$114,000
- Nearâterm downside: $114k â $112k if trendline breaks
- Bull case target on clean breakout: measured move â $123kâ$125k
Trade idea (intraday to swing):
- Aggressive breakout entry: StopâLimit buy above $114,600; SL below breakout retest $113,400; TP1 $120k, TP2 $123â125k.
- Defensive dip entry: Limit buy on confirmed retest near trendline $113,000; tight SL ~0.8% below support; TP1 $114,800, TP2 $120k.
Risk management: keep position size small, use OCO (TP+SL) and move SL to breakeven after TP1.
Market tone: Watch BTC-BTC futures funding, onâchain flows, and macro headlines (Fed commentary) for amplification. Volatility expected; plan entries, respect SLs, avoid FOMO.