📊 Market Context:
Bitcoin has officially broken above the critical $100,000 psychological barrier, closing above previous weekly highs and forming a clean bullish structure. With this breakout, we’re now watching for a potential pullback into demand, which could offer a prime higher low setup before the next leg up.
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🧠 Key Levels & Zones:
• 🟥 Breakout Zone / Retest Demand:
• $100,000 – $109,396 (red box)
• Watching for pullback to this area to form new support
• 🟩 Fibonacci Extension Targets:
• -27%: $125,673
• -61.8%: $146,652
• -161.8%: $206,936
• 🔵 Major Support Levels (if deeper retrace):
• $79,254 (50%)
• $72,140 (61.8%)
• $67,197 (70%)
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📌 Trade Idea:
Looking for a higher low entry if price pulls back into the $100k–$109k range. Confirmation on lower timeframes (D1/H4) could provide an ideal long entry with strong upside potential toward $125k, $146k, and possibly $200k+.
🛑 Invalidation: Clean weekly close below $100k would break bullish momentum.
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🎯 Bias: Bullish
💼 Strategy: Buy the dip → Target fib extension zones
⏳ Timeframe: Weekly / Swing Trade
💬 What do YOU think?
Do you believe Bitcoin will reach $200K this cycle — or will we see a deeper correction first?
👇 Drop your thoughts in the comments and let’s discuss!
👍 If you found this helpful, leave a like and follow for more weekly macro trade ideas!
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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.
Related publications
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.