Bias/Summary
BTC is at a critical zone between 109K–112K. Price is currently showing hesitation after initial rejection at the Yearly L3 (112K), and I’m leaning short unless we see a strong breakout and hold above that level. However, if bulls reclaim it, we could see a fast move to 130K before many can react.
Technical Context:
Yearly L3 sits around the $112K zone – a historically significant level.
Price faced rejection at $112K and is now hovering near $109K.
Lower timeframe showing indecision, possible bearish bias.
Watching for:
Rejection + lower high below $112K = short setup.
Clean breakout + retest of $112K = shift to long bias.
Trade Idea / Setup:
🟥 Scenario A – Short Bias (Current Leaning):
Entry: 110K–111.5K (if rejection confirms)
Stop Loss: Above 112.5K
Targets:
TP1: 104K
TP2: 99K
TP3: 94K
R:R: Up to 3.5:1 depending on entry and target
🟩 Scenario B – Breakout Long (Contingent Setup):
Entry: 113K+ (after breakout and solid retest)
Stop Loss: Below 111K
Targets:
TP1: 120K
TP2: 130K
R:R: ~3:1 or more if momentum confirms
Risk & Patience Reminder:
⚠️Let price lead. No breakout = no long. No clear rejection = no short. Wait for confirmation, and don’t force entries in the chop.
Patience > Prediction.
NFA. DYOR. Manage your risk.
Trade active
Trade Update – BTC Short Playing OutThe short setup from the 110K–111.5K zone is unfolding as planned. ✅ First target at $103k has been hit.
Price action still supports downside momentum, and the trade remains active with eyes on the final target at 94K.
I’ll continue monitoring for any shift in structure or strength from buyers, but as of now, the plan holds. 📉
Let the market do the work. No need to force exits when the setup is still valid.
🔹 SL: Trailed above recent swing high
🔹 Final TP: 94K
🔹 R:R currently extended
Will post another update if conditions change.
Note
Price dipped to 100K, bounced sharply to 110K, and is now pulling back again to 104.6K. Trade remains active and intact for the final target at 94K.
No invalidation yet, unless we see a clean breakout and acceptance above 112K, the bias stays bearish.
The plan hasn’t changed.
Final Target: 94K
SL: Trailed above 112K
Patience. Let it unfold.
Will update again if key levels are broken or confirmed.
Trade closed: target reached
BTC Trade Closed – Target Hit The breakout long setup from 113K+ has played out beautifully, with TP1 at 120K reached.
📌 Trade Summary:
Entry: 113K
Exit: 120K
R:R: ~3:1
Outcome: ✅ Full TP Hit
Closing the trade here as planned. No need to get greedy – the move delivered as expected. Will reassess for the next opportunity.
Plan the trade. Trade the plan.
NFA. DYOR.
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.