That daily candle definitely got my attention. BTC just ripped out of the recent range and pushed as high as $70,055, while price is still holding around $69.4K.

The level I care about now is $67.9K. If BTC can hold above that area after this breakout, I’d keep the bullish continuation scenario open.

Entry: $68,000–$69,000
TP1: $70,000
TP2: $72,000
TP3: $74,000
SL: Below $67,900

After a +7% move, I wouldn’t chase the candle. I’d rather see a clean hold or retest first. If $67.9K turns into support, things could stay interesting.

#BTCBreaches69000Up6.43%

BTCUSDT

Perp6XLong

Unrealized PnL

+64.28%

Avg. Entry Price

62,587.1

Mark Price

69,383.4

Account from @EddieWalkerSnapshot Time 2026/08/19 22:09

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BTC-0.57%

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RoyaltyTears

2026-08-22

This strategy is quite clear, but I’m curious how you manage your position sizes. Do you take a smaller position when chasing a breakout?

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LazyHodl

2026-08-21

To be honest, this daily bullish candle looks great—it directly engulfed the previous high. But I’ve been burned before: after a big bullish candle, there’s often a wick down to shake out weak hands first. So at this level, I’d rather place a limit order around 68.5K than chase at market. If 67.9K can turn into support, it won’t be too late to add on the right side.

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TxJournal

2026-08-20

Bro, can Bitcoin reach 74K this run?

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YieldOpt

2026-08-20

Every time I see a 7% gain, I feel like the bull market is back, but it turns out to be a bull trap every time. Hopefully this is a real breakout this time. In any case, your SL is clearly set, so just stick to the rules.

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MevVegan

2026-08-19

Once it breaks through, things will be easier. I’m just worried about a false breakout that sends it crashing back to 66K. I’ll wait for the 67.9K retest confirmation you mentioned before getting in.

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SnailBridge

2026-08-19

If 67.9K holds, it could indeed move higher, but after a 7% gain, it’s better to wait for a pullback to stabilize.

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TestnetWanderer

2026-08-19

I’m thinking along similar lines, but I’d place the stop-loss slightly below 67,500 to leave some room for intraday volatility. Also, I think TP3 at 74K is a bit aggressive; unless the broader market cooperates, I’d first look to take half off at 72K and go from there.

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ChainGhost

2026-08-19

Don’t chase the rally; wait for a pullback.

10View Original

SupportMiner

2026-08-19

There will definitely be selling pressure around the $70K mark; first, let’s see whether it can hold.

10View Original

AnchorAlum

2026-08-19

First Review

This rally came on a bit too strong; I’m worried about getting trapped if I chase it.

00View Original

I’m watching $BTC here.

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