Idea:
Bitcoin has broken out of a prolonged accumulation range with strong bullish confirmation across multiple timeframes. The price has reclaimed structure above
98K and is pushing higher within a rising channel. This sets the stage for a potential move towards the $106K–$110K zone.
Why:
Confirmed Break of Structure (BOS) and Change of Character (CHoCH) on 4H and 1D charts.
Price broke out of the previous resistance zone and is holding above the POC near $98K.
RSI is trending above 70 – showing strength, not exhaustion.
ADX and DMI indicate a strong bullish trend – buyers (blue) are firmly in control.
MACD histogram turning green again – supporting upside continuation.
Volume is increasing, confirming genuine momentum behind the move.
How to Trade:
Entry: Buy on retest near98K–$99K.
Target: $106K (first target), $110K (channel top).
Stop-loss: Below $96K (invalidates the bullish structure).
Risk Tip: Use proper position sizing – breakout trades can be volatile. Protect capital, let profits run.
Bitcoin has broken out of a prolonged accumulation range with strong bullish confirmation across multiple timeframes. The price has reclaimed structure above
98K and is pushing higher within a rising channel. This sets the stage for a potential move towards the $106K–$110K zone.Why:
Confirmed Break of Structure (BOS) and Change of Character (CHoCH) on 4H and 1D charts.
Price broke out of the previous resistance zone and is holding above the POC near $98K.
RSI is trending above 70 – showing strength, not exhaustion.
ADX and DMI indicate a strong bullish trend – buyers (blue) are firmly in control.
MACD histogram turning green again – supporting upside continuation.
Volume is increasing, confirming genuine momentum behind the move.
How to Trade:
Entry: Buy on retest near
98K–$99K.Target: $106K (first target), $110K (channel top).
Stop-loss: Below $96K (invalidates the bullish structure).
Risk Tip: Use proper position sizing – breakout trades can be volatile. Protect capital, let profits run.
A Haque
Founder | MyTradingJournal
📊 Financial Market Analyst | Trader | Educator
🐦 Twitter: @MyTradingJnl6th
📺 YouTube: @MyTradingJournal6th
Founder | MyTradingJournal
📊 Financial Market Analyst | Trader | Educator
🐦 Twitter: @MyTradingJnl6th
📺 YouTube: @MyTradingJournal6th
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.
A Haque
Founder | MyTradingJournal
📊 Financial Market Analyst | Trader | Educator
🐦 Twitter: @MyTradingJnl6th
📺 YouTube: @MyTradingJournal6th
Founder | MyTradingJournal
📊 Financial Market Analyst | Trader | Educator
🐦 Twitter: @MyTradingJnl6th
📺 YouTube: @MyTradingJournal6th
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.