Bitcoin is currently testing a key support area, which can be seen through the downside wicks rejecting lower prices. After a fakeout to the downside, I’m planning to enter a long position above $111,744.
However, keep in mind — this is a high-risk setup.
If you prefer a safer entry, consider waiting for a break above $113,540 before entering your long position.
There’s also a liquidity pocket around $113,807, which could trigger a strong upward move once it’s tapped.
⚠️ Risk management remains crucial — even bullish setups can fail in volatile conditions.
However, keep in mind — this is a high-risk setup.
If you prefer a safer entry, consider waiting for a break above $113,540 before entering your long position.
There’s also a liquidity pocket around $113,807, which could trigger a strong upward move once it’s tapped.
⚠️ Risk management remains crucial — even bullish setups can fail in volatile conditions.
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.