$BTC #FUTURES #SIGNAL

Key Observations:

1. IDM Zone (Purple Line):

• Acts as a major demand/support zone.

• Multiple rejections from this zone indicate strong buyer interest.

2. Ascending Triangle Formation (Right side):

• Indicates bullish consolidation.

• Price is squeezing and looks ready for a breakout.

• Resistance is relatively horizontal, support is climbing.

Bias: Bullish Breakout

✅ Entry Point:

• Trigger entry after price breaks and closes above the triangle resistance (~104,420–104,450).

• Aggressive traders can enter slightly before breakout (anticipatory entry).

🛑 Stop-Loss:

• Below triangle support: around 103,700–103,800.

• Conservative option: below IDM zone (~103,000), if you want a wider safety net.

🎯 Target (TP levels):

• TP1: Measured move from triangle height → approximately 105,500.

• TP2: Prior high near 106,500+.

• Trail the stop if breakout is strong.

• Wait for volume spike on breakout.

• Check for confirmation from RSI or MACD if using indicators.

• Avoid fakeouts by confirming breakout candle close above the triangle.#eth $BTC