🚨 $BTC — ON THE EDGE 🚨 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 ≈ $113,000–$114,000 - Near‑term downside: $114k → $112k if trendline breaks - Bull case target on clean breakout: measured move ≈ $123k–$125k
Trade idea (intraday to swing): - Aggressive breakout entry: Stop‑Limit buy above $114,600; SL below breakout retest $113,400; TP1 $120k, TP2 $123–125k. - 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, on‑chain flows, and macro headlines (Fed commentary) for amplification. Volatility expected; plan entries, respect SLs, avoid FOMO.
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