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Bitcoin on Fire: Targeting $110K in Relentless Uptrend!

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Hi traders! , Analyzing BTC/USD on the 30 minute timeframe, price is currently respecting an upward channel and showing consistent higher highs and higher lows. The recent bounce from dynamic support suggests bullish continuation.

🔹 Entry: 109,545
🔹 Take Profit (TP): 110,612
🔹 Stop Loss (SL): 108,438

Price is trading above both the 50 and 200 EMA, confirming bullish momentum. The RSI remains above the midline, indicating buyers are still in control. This long setup offers a favorable risk-reward ratio within the context of the broader uptrend.

A confirmed breakout from the short-term resistance, combined with trendline support and channel structure, adds confluence to this idea. Watch for potential resistance near the 110,612 zone.

⚠️ DISCLAIMER: This is not financial advice. Every trader is responsible for their own decisions and risk management.
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On Fire 🔥

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