I’m watching BTCUSD on the daily chart as it decisively broke above the Quarterly Premium 1 zone (white dashed line at ~$102 400) and promptly retested that level as new support. This classic “break and retest” pattern signals a strong shift in institutional positioning:
Setup
Breakout: Bitcoin closed above QP1 on above-average volume, indicating buyer conviction.
Retest: A clean pullback to QP1 held without wick-through, confirming liquidity grab and support flip.
Entry
Enter long on the first daily close above the retest low (~$102 500).
Targets
TP1 (Quarterly Premium 2): ~$111 400
TP2 (Yearly Premium 1): ~$121 000
Stop-Loss
Place SL just below the retest low at ~$100 500, capping risk to ~2% of current price.
Risk Management
Size your position so that a $2 000 drawdown represents no more than 1–2% of your total capital.
Outlook & Catalysts
Macro liquidity remains supportive with dovish central bank signals.
Watch for monthly close above $107 000 to increase conviction.
Setup
Breakout: Bitcoin closed above QP1 on above-average volume, indicating buyer conviction.
Retest: A clean pullback to QP1 held without wick-through, confirming liquidity grab and support flip.
Entry
Enter long on the first daily close above the retest low (~$102 500).
Targets
TP1 (Quarterly Premium 2): ~$111 400
TP2 (Yearly Premium 1): ~$121 000
Stop-Loss
Place SL just below the retest low at ~$100 500, capping risk to ~2% of current price.
Risk Management
Size your position so that a $2 000 drawdown represents no more than 1–2% of your total capital.
Outlook & Catalysts
Macro liquidity remains supportive with dovish central bank signals.
Watch for monthly close above $107 000 to increase conviction.
We are Patient. We are Profitable.
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.
We are Patient. We are Profitable.
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.