2weeks

Bitcoin ($BTC ) Long Trade Idea — Simple Breakdown for New Traders
Trade Setup
Type: Long (expecting price to go up)
Entry Price: $116,890
Targets:
TP1 (short-term 1–3 days): $118,059
TP2 (medium-term 3–7 days): $119,337
TP3 (long-term 7–14 days): $120,155
Stop Loss: $114,250 (limit your loss if price goes down)
Confidence Level: ~75%
Timestamp: 2025-08-23 02:08 (Asia/Karachi, UTC+5)
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Why This Trade?
Bitcoin $BTC has been moving in an overall uptrend for weeks. Even though the price slowed down around $113,800–$116,000, it bounced back strongly from $111,684 support. This shows buyers are stepping in when the price dips.
On shorter timeframes (1-hour and 4-hour charts):
Volume is increasing (more people buying).
Indicators like MACD are showing strength.
Price is above key moving averages (EMA 25 & EMA 99), which is bullish.
The next strong resistance area is between $118,000–$120,000, which is where we’ve set targets.
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Extra Bullish Signals
Funding rates are up → traders are paying more to stay long.
Open interest (active contracts) is high → lots of activity and momentum.
Options market shows more calls (bullish bets) than puts.
Institutions are still buying and Bitcoin network activity looks solid.
This means market confidence is strong.
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Managing Risk
We placed a stop loss at $114,250, just under recent support levels. If Bitcoin falls below this, it’s safer to exit and wait for a new setup instead of holding a losing position.
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Final Thoughts
This trade is a high-confidence long (~75%). The plan is simple:
Enter around $116,890.
Take profits step by step at $118,059 → $119,337 → $120,155.
Use a stop loss at $114,250 to protect yourself.
As long as $BTC stays above $114,250, the trend is bullish and the price could push toward $120K in the next two weeks.#BTC #120kBTC #2Weeks