Bitcoin
Long

BTC At Key Support! Will Bulls Breakout From $116K? Don’t Miss

107
**💎 BTC TRADE SETUP — HOLDING SUPPORT FOR NEXT LEG UP**

📈 **Market Bias:** Mixed → Short-term pressure, long-term bullish
🔍 **Key Level:** Price holding near **50-SMA** support
⚡ **Potential:** Consolidation could fuel breakout toward **\$117.5K**

**🛠 Setup:**

* **Direction:** LONG
* **Entry:** \$116,132.70
* **Stop Loss:** \$114,500 (below support)
* **Take Profit:** \$117,500
* **Size:** 1 contract (1x leverage)
* **Confidence:** 70%
* **Timing:** Market open

📌 **Why Long?**

* BTC above major moving averages — bullish trend intact
* RSI & MACD hint at possible upside momentum
* Favorable risk-reward near key support zone

⚠ **Risk Note:** Breakdown below **\$113,069** (50-SMA) flips bias bearish. Volatility can cause sharp swings — position sizing matters.

---

**#BTC #Bitcoin #Crypto #BTCUSD #CryptoTrading #Cryptocurrency #CryptoSetup #DayTrade #SwingTrade #PriceAction #CryptoSignals #TechnicalAnalysis #BitcoinPrice #BreakoutTrading #SupportAndResistance #BTCAnalysis #MovingAverages #RSI #MACD #CryptoInvesting #BullishSetup #CryptoMarket**

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.