Bitcoin
Long
Updated

Bitcoin (BTC/USD) Long Trade Setup – Breakout Strategy with Targ

266
Current Price: $80,724.28

Entry Point: $80,671.23 (just above current price)

Stop Loss: $78,052.44

Target Point: $88,573.60

Resistance Point: $82,260.90

📈 Trend & Moving Averages
EMA 30 (red): $80,220.87 — Short-term trend.

EMA 200 (blue): $80,788.61 — Long-term trend.

The price is currently between the EMAs, indicating potential indecision or a shift in trend. A break above both EMAs with momentum would confirm bullish strength.

🔑 Trade Setup Summary
Element Level
Entry 80,671.23
Stop Loss 78,052.44
Target (TP) 88,573.60
Resistance 82,260.90
Risk-Reward ~1:2.7 (approx)
📊 Analysis & Expectations
Bullish Bias: The chart suggests a long trade with a breakout strategy.

Volume and momentum confirmation will be key above resistance.

Resistance at 82,260.90 may cause a brief pullback before continuation to the target.

The stop loss is well-placed below a support zone and the most recent swing low.

✅ What to Watch For
Break and close above EMA 200 and resistance at 82.2K.

Bullish volume increase on breakout.

Price action around the entry zone (wait for confirmation candle if unsure).
Trade closed: target reached
snapshot target point hit

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