BTCUSDT Summary
If Bitcoin’s weekly candle engulfs the previous one, we can expect an explosive breakout.
Instrument / Timeframe
BTCUSDT, 1W
Scenario
If this week’s candle fully engulfs the prior week, the next week can start decisively bullish and push into fresh highs. For now, we won’t set fixed upside targets; let price discover. Once the market prints a clear resistance at the new peak, we’ll treat that level as Bitcoin’s new ceiling.
Trade Plan (example, not advice)
For long-term buyers who practice sound risk and capital management, a confirmed daily break and close above $120,000 can serve as an entry trigger.
Disclaimer
This is market commentary and reflects my personal opinion. It is not investment advice, a recommendation, or a solicitation to buy or sell any asset. Crypto markets are highly volatile and you can lose part or all of your capital. Always conduct your own research, make independent decisions, and use strict risk management (position sizing, stop-losses, scenario planning). Past performance is not indicative of future results. For guidance tailored to your situation, consult a licensed financial advisor.
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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.
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.