Bitcoin
Long

Bitcoin Bullish Continuation Above Trendline Support

274
BTC/USD is respecting a steep ascending trendline, indicating strong bullish momentum. After a brief consolidation, price action suggests a potential continuation toward the 88,000 level if support holds.

The recent higher highs and higher lows structure remains intact, making this a high-probability setup for trend continuation traders.

Trade Setup:

Entry Zone (Buy): 84,300 – 84,800 (upon trendline or breakout confirmation)

Stop Loss: Below 84,000

Target 1: 86,000

Target 2: 88,000

Trend Bias: Bullish continuation

Timeframe: 1H (short-term swing trade)


Technical Analysis:

Strong uptrend with confirmed higher lows

Price action bouncing off key dynamic support

Break above minor resistance may trigger momentum buys


Disclaimer:
This is not financial advice. Always do your own research and use proper risk management.

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.