Bitcoin
Long

BTCUSD 1 HOUR CHART PATTERN

166
BTC/USD Buy Trade Setup – Precision Entry with Defined Risk and Target

Entry Point: $109,600
Entry is based on a recovery from support and bullish momentum confirmation.

Target: $115,000
This is a key psychological resistance and structural target based on previous highs.

Stop-Loss Options (Protective SL):

$107,900 (1% risk): Maintains strong R/R ratio of 3.1:1.

$106,900 (1.8% risk): A wider stop for volatile conditions, giving a 1.6:1 R/R.


Potential Profit:
Gain of $3,100 per BTC (approx. 2.85% gain from entry).

Key Support Zones:

Short-term support: $107,500 – $108,000

Major support: $106,500 (break below this would invalidate the bullish thesis)


Resistance/Target Zone:

$112,000 is a major round-number level and previously tested high, offering a strong take-profit zone

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