Bitcoin Bullish Break: Buying Opportunity After Resistance
🌀 Analysis:
Bitcoin has completed its abc correction and formed an inverse head and shoulders pattern. The rapid price recovery after the recent dump indicates strong buying interest and the potential for a continuation of the bullish trend.
Currently, Bitcoin may experience a small correction or directly break the key resistance at $102,200. If this level is broken, which aligns with the neckline of the inverse head and shoulders, it will signal the start of a new upward wave, potentially driving the price toward higher targets.
🎯 Trade Setup:
Trade Type: Long (Buy)
Entry: $102,200
Target: $112,000
Stop Loss: $98,500
âš¡ Notes:
Wait for confirmation of the resistance break before entering. Apply proper risk management and adjust trade size accordingly.
Bitcoin has completed its abc correction and formed an inverse head and shoulders pattern. The rapid price recovery after the recent dump indicates strong buying interest and the potential for a continuation of the bullish trend.
Currently, Bitcoin may experience a small correction or directly break the key resistance at $102,200. If this level is broken, which aligns with the neckline of the inverse head and shoulders, it will signal the start of a new upward wave, potentially driving the price toward higher targets.
🎯 Trade Setup:
Trade Type: Long (Buy)
Entry: $102,200
Target: $112,000
Stop Loss: $98,500
âš¡ Notes:
Wait for confirmation of the resistance break before entering. Apply proper risk management and adjust trade size accordingly.
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