$BTC USDT Daily Analysis Big Breakout Confirmed
Bitcoin $BTC is currently trading around $81,092 after a clean breakout from its long-term downward trendline. Momentum is shifting back to the bulls, but patience is key here.
Here is what I'm watching on the 1D chart:
Chart Breakdown
Trendline Breakout: BTC has finally broken above the major descending resistance line that kept price suppressed for months.
Support & Retest Zone: We are looking at a crucial demand zone around $78,000 – $79,500. A healthy retest of this zone (as shown by the blue projection pathway) would offer a solid risk-to-reward entry before the next impulse wave.
Market Structure: As long as price holds above this newly established support, the macro structure remains strongly bullish.
Key Resistance Targets
If the retest holds, here are our upside targets:
TP1: $86,690
TP2: $98,047
TP3: $107,439
Trade Setup
Entry Zone: $79,500 – $81,000 (Look for bullish reversal signals on 15m/1h timeframes)
Stop Loss (SL): $77,500 (Strict SL right below the support zone)
⚠️ Disclaimer: This is my personal market view for educational purposes and not financial advice. Always manage your risk and DYOR before taking any trades.
#Bitcoin #BTC #CryptoAnalysis #BinanceSquare #TradingSignals
Bitcoin $BTC is currently trading around $81,092 after a clean breakout from its long-term downward trendline. Momentum is shifting back to the bulls, but patience is key here.
Here is what I'm watching on the 1D chart:
Chart Breakdown
Trendline Breakout: BTC has finally broken above the major descending resistance line that kept price suppressed for months.
Support & Retest Zone: We are looking at a crucial demand zone around $78,000 – $79,500. A healthy retest of this zone (as shown by the blue projection pathway) would offer a solid risk-to-reward entry before the next impulse wave.
Market Structure: As long as price holds above this newly established support, the macro structure remains strongly bullish.
Key Resistance Targets
If the retest holds, here are our upside targets:
TP1: $86,690
TP2: $98,047
TP3: $107,439
Trade Setup
Entry Zone: $79,500 – $81,000 (Look for bullish reversal signals on 15m/1h timeframes)
Stop Loss (SL): $77,500 (Strict SL right below the support zone)
⚠️ Disclaimer: This is my personal market view for educational purposes and not financial advice. Always manage your risk and DYOR before taking any trades.
#Bitcoin #BTC #CryptoAnalysis #BinanceSquare #TradingSignals
