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.
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.