Hello Traders 👋 — Hope you're having a strong start to the week!
Let's dive into the BTCUSD Daily Chart 📈 — we’re looking at a Cup and Handle setup that's matured beautifully.
🔵 Price carved out a clean rounded base (cup), followed by a consolidation handle right below resistance.
🟠 The 200 SMA is holding as dynamic support.
⚡️ A confirmed break above 109K could launch price toward 130K+, with clear Fibonacci extension targets in sight.
Key Zones:
Handle Support: 100,472
Breakout Line: 109,360
Main Target: 130,867
Extended: 136K–144K
Structure ✅ | Momentum Building ⚡ | Risk Managed 🎯
Stay sharp, stay patient. Structure first — breakout next.
Let's dive into the BTCUSD Daily Chart 📈 — we’re looking at a Cup and Handle setup that's matured beautifully.
🔵 Price carved out a clean rounded base (cup), followed by a consolidation handle right below resistance.
🟠 The 200 SMA is holding as dynamic support.
⚡️ A confirmed break above 109K could launch price toward 130K+, with clear Fibonacci extension targets in sight.
Key Zones:
Handle Support: 100,472
Breakout Line: 109,360
Main Target: 130,867
Extended: 136K–144K
Structure ✅ | Momentum Building ⚡ | Risk Managed 🎯
Stay sharp, stay patient. Structure first — breakout next.
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.