💎MJTrading
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BTCUSD is retesting a key support zone at 110,000 – 113,000 within its uptrend channel.
👉 As long as support holds, bias remains bullish continuation and could send price toward 117k → 120k → ATH 123,700.
Failure to hold the 112k zone could shift momentum back to sellers, invalidating the higher-low structure.
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📝 Trade Setup:
🟢 Entry Zone: 112,000 – 114,000 (support retest / bounce confirmation)
❌ Stop Loss (SL): Below 110,000 (structure invalidation)
🎯 Take Profit (TP) Levels
✅ TP1 → 117,000 (near-term resistance)
📈 TP2 → 120,000 (round level / next resistance)
💰 TP3 → 123,700 (all-time high retest)
======================
#BTC #Bitcoin #Crypto #PriceAction #TechnicalAnalysis #Trading #MJTrading
Psychology Always Matters:
[click on the image to read the caption]
📸 Viewing Tip:
🛠️ Some layout elements may shift depending on your screen size.
🔗 View the fixed high-resolution chart here:
BTCUSD is retesting a key support zone at 110,000 – 113,000 within its uptrend channel.👉 As long as support holds, bias remains bullish continuation and could send price toward 117k → 120k → ATH 123,700.
Failure to hold the 112k zone could shift momentum back to sellers, invalidating the higher-low structure.
======================
📝 Trade Setup:
🟢 Entry Zone: 112,000 – 114,000 (support retest / bounce confirmation)
❌ Stop Loss (SL): Below 110,000 (structure invalidation)
🎯 Take Profit (TP) Levels
✅ TP1 → 117,000 (near-term resistance)
📈 TP2 → 120,000 (round level / next resistance)
💰 TP3 → 123,700 (all-time high retest)
======================
#BTC #Bitcoin #Crypto #PriceAction #TechnicalAnalysis #Trading #MJTrading
Psychology Always Matters:
[click on the image to read the caption]
Trade active
Note
TP 1 (117,000) hit ☑️ Lock in some profit.
🌟MJTrading | Private account manager and forex trader;
🌱 Join me to grow together👇:
▶️🔴 Youtube: youtube.com/@MJTradingYT
✈️🔵 Telegram: t.me/MJTradingTG
🌱 Join me to grow together👇:
▶️🔴 Youtube: youtube.com/@MJTradingYT
✈️🔵 Telegram: t.me/MJTradingTG
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
🌟MJTrading | Private account manager and forex trader;
🌱 Join me to grow together👇:
▶️🔴 Youtube: youtube.com/@MJTradingYT
✈️🔵 Telegram: t.me/MJTradingTG
🌱 Join me to grow together👇:
▶️🔴 Youtube: youtube.com/@MJTradingYT
✈️🔵 Telegram: t.me/MJTradingTG
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.