🚀 Bitcoin (BTC) Ready to Break Out? Here's My Take 🧠
$BTC is currently dancing around the $110,700 zone, showing signs of a classic bullish consolidation. The market’s taking a breather—but don’t mistake this for weakness. It’s the calm before the next storm.
🔍 Key Observations:
Support Holding Strong: The $110,600–$110,700 range is acting like a trampoline—bouncing price back up after every dip.
Volume Tells the Story: Low selling volume = no panic. This looks like accumulation, not distribution.
Structure Still Bullish: Higher lows from $109,600 remain intact. As long as this holds, I’m eyeing $111,200 and beyond.
📈 My Game Plan:
Watching for a bullish candle (hammer or engulfing) on the 15m chart.
A break above $110,900 = green light for long positions.
Stop-loss just below $110,600 to manage risk.
💬 Conclusion: BTCis coiling like a spring. If we get that bounce confirmation, I’m riding this wave to the next resistance. Risk management is key—always.
Drop your thoughts below 👇 Are you long or waiting for confirmation?
