Bitcoin
Panjang

Break & Retest on Quarterly Premium 1 → Targets at QP2 & YP1

21
I’m watching BTCUSD on the daily chart as it decisively broke above the Quarterly Premium 1 zone (white dashed line at ~$102 400) and promptly retested that level as new support. This classic “break and retest” pattern signals a strong shift in institutional positioning:

Setup

Breakout: Bitcoin closed above QP1 on above-average volume, indicating buyer conviction.

Retest: A clean pullback to QP1 held without wick-through, confirming liquidity grab and support flip.

Entry
Enter long on the first daily close above the retest low (~$102 500).

Targets
TP1 (Quarterly Premium 2): ~$111 400
TP2 (Yearly Premium 1): ~$121 000

Stop-Loss
Place SL just below the retest low at ~$100 500, capping risk to ~2% of current price.

Risk Management
Size your position so that a $2 000 drawdown represents no more than 1–2% of your total capital.

Outlook & Catalysts
Macro liquidity remains supportive with dovish central bank signals.
Watch for monthly close above $107 000 to increase conviction.

Penafian

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