Price action has delivered a textbook bullish breakout after forming a strong double bottom around early April, signaling a shift in market sentiment. Following that, the price consolidated in a tight range before decisively breaking out, marking the start of a new bullish structure.
Key Technical Highlights
Parallel Channel The downtrend was well-respected within a defined channel until the breakout.
Double Bottom Formation: A powerful reversal signal occurred near the $76,000–$78,000 range.
Break of Trend Line: Clean breakout above the diagonal resistance, confirming bullish momentum.
Consolidation Zone Healthy range-bound price action before rallying — indicating accumulation.
Support Levels
$94,130 – minor support/Resistance flip.
$92,218 – stronger support near breakout zone.
Current Setup: Price is hovering around $96,556 showing signs of continuation. A pullback toward $94K or even
92K is possible and could offer an excellent buy-the-dip opportunity before targeting the $100K psychological level
Plan Going Forward
Watch for a retracement into the $94K–92K support zone.
Look for bullish confirmation (candlestick patterns, volume spikes)
Upside targets: $97.5K short-term $100K+ mid-term
Bullish Bias Remains Intact unless we see a strong break below the92K support level.
Key Technical Highlights
Parallel Channel The downtrend was well-respected within a defined channel until the breakout.
Double Bottom Formation: A powerful reversal signal occurred near the $76,000–$78,000 range.
Break of Trend Line: Clean breakout above the diagonal resistance, confirming bullish momentum.
Consolidation Zone Healthy range-bound price action before rallying — indicating accumulation.
Support Levels
$94,130 – minor support/Resistance flip.
$92,218 – stronger support near breakout zone.
Current Setup: Price is hovering around $96,556 showing signs of continuation. A pullback toward $94K or even
92K is possible and could offer an excellent buy-the-dip opportunity before targeting the $100K psychological levelPlan Going Forward
Watch for a retracement into the $94K–
92K support zone.Look for bullish confirmation (candlestick patterns, volume spikes)
Upside targets: $97.5K short-term $100K+ mid-term
Bullish Bias Remains Intact unless we see a strong break below the
92K support level.Dagangan aktif
Nota
330+ Pips Crushed – Massive Win!What a day in the markets! We just bagged over 330+ pips on our latest trades – a huge shoutout to everyone who followed along and trusted the analysis.
This is what smart trading, patience, and discipline can deliver. Whether you're riding with us for the first time or you've been part of the journey for a while, today proves again: consistency beats everything.
Enjoy your profits, traders!
Withdraw, reward yourself, or reinvest wisely – the choice is yours. This is just the beginning. We’ve got bigger moves coming.
Stay tuned, stay focused, and keep leveling up.
Let’s go for even more pips next session!
Dagangan ditutup: sasaran tercapai
The recent trade idea played out just as planned. Price respected key levels, and the target zone was hit cleanly. Patience, structure, and proper risk management made the difference.
This post is for educational purposes only — always do your own analysis.
Drop a comment if you caught the move too!
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Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.