Current Setup Analysis
BTC broke out of a falling wedge pattern (red trendline) and is holding above support near $100K.
Higher lows since June indicate bullish accumulation.
The price is riding above the ascending orange trendline.
Bollinger Bands suggest potential continuation; RSI isn’t overbought.
▶️ Buy Setup (Long Bias)
Entry (Buy): Between 107,500–108,000
Stop Loss: Below 104,000 (just under trendline and BB midline)
Target 1: 110,259 (key horizontal + BB upper area)
Target 2: 112,000 (psychological resistance)
Target 3: 114,266–116,000 (Fibo 2.618 + extension zone)
Sell Setup (Short Bias) – only if rejection
Entry (Sell): If there's a clear rejection candle near 110,000–112,000
Stop Loss: Above 114,500
Target 1: 100,716
Target 2: 93,304
This is a low-probability setup unless rejection is clear.
Final Recommendation
High probability of bullish continuation (above 60%)
Prefer a buy-the-dip strategy with stop under $104K
Watch 110K area — could act as a breakout or rejection point
BTC broke out of a falling wedge pattern (red trendline) and is holding above support near $100K.
Higher lows since June indicate bullish accumulation.
The price is riding above the ascending orange trendline.
Bollinger Bands suggest potential continuation; RSI isn’t overbought.
▶️ Buy Setup (Long Bias)
Entry (Buy): Between 107,500–108,000
Stop Loss: Below 104,000 (just under trendline and BB midline)
Target 1: 110,259 (key horizontal + BB upper area)
Target 2: 112,000 (psychological resistance)
Target 3: 114,266–116,000 (Fibo 2.618 + extension zone)
Sell Setup (Short Bias) – only if rejection
Entry (Sell): If there's a clear rejection candle near 110,000–112,000
Stop Loss: Above 114,500
Target 1: 100,716
Target 2: 93,304
This is a low-probability setup unless rejection is clear.
Final Recommendation
High probability of bullish continuation (above 60%)
Prefer a buy-the-dip strategy with stop under $104K
Watch 110K area — could act as a breakout or rejection point
Trade active
Trade closed: stop reached
Target 2: 112,000 
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.