Bitcoin
Long

Bitcoin Trade Setup – Jan 21

📊 XBT Bitcoin Trade Setup – Jan 21

Hey Traders!

Here’s our setup for BTC-USD (Bitcoin)! ₿

📌 Plan of Action:
We’re holding off for now—waiting for this last 10days of January for clear market sentiment and crypto pro report from the US. No pending orders, just market orders when conditions are right.

📈 Buy Entry Condition:
A clear breakout above $110,000 with a confirmed candle close will signal a buy opportunity.

💡 Key Points:
The setup hints at a short-term breakout with a retest, leading to a textbook ABC Elliot wave trend continuation.
The 38.2% Fibonacci Trend SR still serve as a strong resistance, and when broken becomes a strong support aligning with a bullish fundamental outlook.
Avoid sell traps—stick to the trend!

⚙️ Next Step:
Set up your chart, place alerts, and wait for confirmation. Share your thoughts or questions in ⁠💬 Comment below

Cheers, and happy trading! 🫡

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