📊 Technical Chart Structure
Breakout & Retest of Major Resistance/Downtrend Line:
A major downward trendline (dashed blue line) drawn from the local peak near $128k–$130k down through mid-2026 has been clearly broken to the upside.
Price rallied out of the ~$58k–$60k double-bottom region (July bottom) and has reclaimed the $84,000–$85,000 zone.
Local Horizontal Resistance / Supply Zone:
Price is currently pressing right up against the local horizontal resistance cluster at ~$85,000 – $87,000.
The local high wick sits around $87,000 – $87,400. A clean daily candle close above $87,000 is required to trigger the next impulse wave towards $90k–$100k.
🎯 Trade Setup Options (Entry & Exit Levels)
Option 1: Breakout Confirmation (Long Strategy - Bullish Expansion)
Entry Level:
Aggressive: Current levels (~$84,700 - $85,000) if taking a breakout anticipation position.
Conservative: On a 1D candle close above $87,200 (confirming a clean breakout of local resistance).
.
Stop-Loss (SL): $80,500 – $81,500 (below the recent higher low / demand region around $80k–$82k).
Take-Profit (TP) Targets:
TP1: $92,000 (prior structural support-turned-resistance zone).
TP2: $100,000 (psychological major resistance milestone).
TP3: $115,000 – $120,000 (extended macro leg target).
Option 2: Pullback / Retest Entry (Long Strategy - Safer R:R)
Entry Level: Retest of the broken trendline / support confluence zone around $80,000 – $82,000.
Stop-Loss (SL): $77,000 (invalidation of the higher-low structure).
Take-Profit (TP) Targets:
TP1: $87,000 (retest of local range highs).
TP2: $96,000 – $100,000.
Option 3: Short Trade (Rejection Play at Resistance)
Entry Level: Rejection wicks at $86,500 – $87,500.
Stop-Loss (SL): $88,500 (tight stop above the swing high).
Take-Profit (TP) Targets:
TP1: $82,000.
TP2: $78,000.
#BTC #ETH #BTCUSDT.P
#KoreanRetailLost6.3TrillionWonOnLeveragedETPs
Breakout & Retest of Major Resistance/Downtrend Line:
A major downward trendline (dashed blue line) drawn from the local peak near $128k–$130k down through mid-2026 has been clearly broken to the upside.
Price rallied out of the ~$58k–$60k double-bottom region (July bottom) and has reclaimed the $84,000–$85,000 zone.
Local Horizontal Resistance / Supply Zone:
Price is currently pressing right up against the local horizontal resistance cluster at ~$85,000 – $87,000.
The local high wick sits around $87,000 – $87,400. A clean daily candle close above $87,000 is required to trigger the next impulse wave towards $90k–$100k.
🎯 Trade Setup Options (Entry & Exit Levels)
Option 1: Breakout Confirmation (Long Strategy - Bullish Expansion)
Entry Level:
Aggressive: Current levels (~$84,700 - $85,000) if taking a breakout anticipation position.
Conservative: On a 1D candle close above $87,200 (confirming a clean breakout of local resistance).
.
Stop-Loss (SL): $80,500 – $81,500 (below the recent higher low / demand region around $80k–$82k).
Take-Profit (TP) Targets:
TP1: $92,000 (prior structural support-turned-resistance zone).
TP2: $100,000 (psychological major resistance milestone).
TP3: $115,000 – $120,000 (extended macro leg target).
Option 2: Pullback / Retest Entry (Long Strategy - Safer R:R)
Entry Level: Retest of the broken trendline / support confluence zone around $80,000 – $82,000.
Stop-Loss (SL): $77,000 (invalidation of the higher-low structure).
Take-Profit (TP) Targets:
TP1: $87,000 (retest of local range highs).
TP2: $96,000 – $100,000.
Option 3: Short Trade (Rejection Play at Resistance)
Entry Level: Rejection wicks at $86,500 – $87,500.
Stop-Loss (SL): $88,500 (tight stop above the swing high).
Take-Profit (TP) Targets:
TP1: $82,000.
TP2: $78,000.
#BTC #ETH #BTCUSDT.P
#KoreanRetailLost6.3TrillionWonOnLeveragedETPs
