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Bitcoin is demonstrating a clear upward growth strength on the daily timeframe, as buying pressure continuously appears whenever the price corrects. This indicates that the bulls are still in control of the trend and the market remains positive.
Currently, the price zone around the breakout area is playing an important support role. As long as the price stays above this zone, the likelihood of the uptrend continuing in the near future is high.
📈 Proposed trading strategy:
⟶ Entry zone: 81,000 – 81,800
⛔ Stop loss (SL): 78,500
🎯 Take profit levels:
• TP1: 84,000
• TP2: 87,500
• TP3: 92,000
In the current context, patiently waiting for the price to correct back to the entry zone will help optimize the entry point. At the same time, strict risk management is necessary because the crypto market is always highly volatile.
If BTC continues to maintain its bullish structure and breaks above the resistance zones, reaching higher targets is entirely feasible.
{spot}(BTCUSDT)