Trading the Bitcoin Breakout for Short-Term Gains
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Bitcoin is flashing a classic breakout setup that traders often use to capture short-term momentum. After breaking out of a multi-week ascending triangle near $95,000, BTC successfully retested that level as support—an important confirmation signal for breakout traders. Holding this zone keeps the bullish structure intact and opens a technical path toward the $107,000 target.
For active traders, this setup favors strategies like buying pullbacks toward reclaimed support or scaling into momentum once price confirms strength above $100,000. Clear invalidation levels below the breakout zone also make risk management more straightforward, which is essential when trading large, fast-moving assets like Bitcoin.
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holding 95k as support feels kinda huge psychologically