#Bitcoin Long Setup: Waiting for a Confirmed Breakout
I'm waiting for #Bitcoin to break the previous day's high with strong bullish candles — ideally large-bodied candles with an FVG inside the move. I want to see this as a valid breakout before considering a long position.
The reason I'm looking for buys here is that, if you zoom out on the chart, you'll see that price is currently near the bottom of the range. A confirmed break of the previous day's high could give us a good opportunity to catch a long move toward the top of the range.
If Bitcoin fails to break the previous day's high, I wouldn't chase the long. Instead, price could come back down toward the $75,000 area again.
BTCUSDT
Perp
81,278.1
+4.14%
