I am monitoring the pair $BTC on the daily chart, where it decisively broke the quarterly installment 1 area (the white dashed line at around $102,400) and immediately retested this level as new support. This classic 'break and retest' pattern indicates a strong shift in institutional positions:
Setup
For the breakout: Bitcoin closed above QP1 with higher than average trading volume, indicating buyer confidence.
Retest: A clear pullback to QP1 held without breaking, confirming liquidity absorption and support reversal.
Entry
: Enter a buy position on the first daily close above the lowest retest level (around $102,500).
Targets:
TP1 (Quarterly installment 2): around $111,400.
TP2 (Annual installment 1): around $121,000.
Set a stop-loss
The lowest level for a retest is directly at around $100,500, limiting risk to about 2% of the current price.
Risk management:
Set your investment position size such that any decline of $2,000 does not exceed 1-2% of your total capital.
Expectations and catalysts:
Overall liquidity remains supportive with cautious signals from central banks.
Watch for a monthly close above $107,000 to increase confidence.
#Binance #CryptoCharts101 #TradingMistakes101 #CryptoFees101 #CryptoSecurity101
