BTC/USD Bullish Breakout Setup – Targeting $85,477 with 5.62% UpThe price has recently surged above both the 30 EMA (red) and 200 EMA (blue), signaling a strong bullish move.
The EMAs are beginning to turn upward, particularly the 30 EMA, suggesting short-term bullish momentum.
Key Levels Identified
Entry Zone (Purple Support Zone):
Around $80,105 – a potential buy zone after a pullback.
Labeled with STOP LOSS, indicating the invalidation level if price drops below this zone.
Target Zone (Purple Resistance Zone):
Around $85,477 – this is the target level, marked as “EA TARGET POINT”.
Offers a potential move of +5.62% or 4,551.83 points.
Price Action
Price broke above a previous resistance (now support) and has pulled back slightly.
The projected move suggests a bullish continuation after a minor pullback and consolidation.
Risk-Reward
Good risk-reward ratio implied with the large gap between the stop loss and target.
Stop loss is tight, just below the purple support zone (~$80,105).
Projection
The blue lines and annotations suggest a bullish play, with an expected upward movement after retesting the support.
✅ Possible Trade Idea
Buy Zone: ~$80,105 (on a confirmed retest)
Stop Loss: Slightly below $80,105
Target: ~$85,477
Expected Move: +5.62%
🔍 Additional Notes
Keep an eye on price behavior around the support zone—confirmation (e.g., bullish candle pattern or rejection wick) strengthens the entry.
The strong move leading to the breakout suggests high momentum, which could mean limited pullback.
News or macro developments could invalidate technicals—be aware of external factors.
