Bitcoin / BTC

Medium-Term Trade (1-Week Horizon): Bullish Breakout Confirmation
This is a trend-following swing trade designed for the medium-term trader. Crucially, this strategy is reactive, not predictive. It avoids the risk of trying to guess the direction of the breakout from the current consolidation and instead waits for the market to provide confirmation before entering a position.
* Rationale: The daily chart clearly shows Bitcoin is in a consolidation pattern, be it a rectangle or a symmetrical triangle. In such market structures, the highest probability trade is to wait for a confirmed breakout on significant volume, followed by a successful retest of the broken resistance level as new support. This "break-and-retest" methodology is a classic technique used to filter out false breakouts, or "fake-outs," where the price briefly pierces a level only to reverse sharply. Entry is only considered after the market has proven its intention to trend higher.
* Confidence Level: 75% (This confidence level applies after a confirmed breakout and successful retest).
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