Bitcoin is forming a classic Cup and Handle pattern on the 4H chart, indicating potential for a bullish breakout.
🔹 Key Highlights:
Clear bullish momentum after a confirmed ChoCH (Change of Character)
Bearish trendline has been broken, shifting market structure
Price approaching the resistance area near $120,000, which aligns with a strong high
Watch for breakout above the target zone for potential continuation
MACD shows bullish divergence supporting momentum
📌 A clean break and close above the resistance zone could trigger the next leg up. However, a rejection here may retest the $112,000–$114,000 demand zone (handle support).
🧠 Not financial advice. Always do your own research before trading.
🔹 Key Highlights:
Clear bullish momentum after a confirmed ChoCH (Change of Character)
Bearish trendline has been broken, shifting market structure
Price approaching the resistance area near $120,000, which aligns with a strong high
Watch for breakout above the target zone for potential continuation
MACD shows bullish divergence supporting momentum
📌 A clean break and close above the resistance zone could trigger the next leg up. However, a rejection here may retest the $112,000–$114,000 demand zone (handle support).
🧠 Not financial advice. Always do your own research before trading.
Trade active
Trade is now live, and price has triggered the setup conditions.Trade management and updates will follow in the comments as price develops.
✅ Always manage your risk. This is not financial advice.
📈 Good luck and stay disciplined.
Trade closed: target reached
BTC/USDT has successfully reached the projected target zone from our previous analysis. Price action respected the planned structure and moved in line with expectations. At this stage, traders may consider booking partial profits, adjusting stop-loss levels, or waiting for the next confirmed setup before entering new positions.
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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.
$ FOREX / GOLD / BTC | Real Trades,Real Result | Risk-managed strategiesn &VIP Signal {My Personal Entries} Join Telegram _ Trade smater ||
📬 Join Free Channel:
t.me/profitmagnetpro12
📬 Join Free Channel:
t.me/profitmagnetpro12
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.