Bitcoin Bullish Break: Buying Opportunity After Resistance
2024-12-08

🌀 Analysis:
Bitcoin has completed its abc correction and formed an inverse head and shoulders pattern. The rapid price recovery after the recent dump indicates strong buying interest and the potential for a continuation of the bullish trend.

Currently, Bitcoin may experience a small correction or directly break the key resistance at $102,200. If this level is broken, which aligns with the neckline of the inverse head and shoulders, it will signal the start of a new upward wave, potentially driving the price toward higher targets.

🎯 Trade Setup:

Trade Type: Long (Buy)
Entry: $102,200
Target: $112,000
Stop Loss: $98,500

⚡ Notes:
Wait for confirmation of the resistance break before entering. Apply proper risk management and adjust trade size accordingly.

