BTC/USD Swing Trade Setup | Breakout Imminent?

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BTC/USD Swing Trade Setup | Breakout Imminent?Bitcoin / US DollarCOINBASE:BTCUSDZOUHEIR2004Timeframe: 4H Exchange: Coinbase Strategy: Triangle Breakout + Wave Cycle Analysis 🔍 Technical Overview: BTC is currently compressing within a symmetrical triangle pattern after completing a 5-wave cycle, suggesting a potential breakout is near. This structure indicates indecision — but also builds up momentum for a major move. 🔹 Wave Analysis: Complete cycle (1-5) within triangle 🔹 Support Zone: 115,697 (critical level — demand zone) 🔹 Resistance Breakout Target: 127,594 (measured move from triangle breakout) 🔹 Entry Point: Confirmed breakout above the triangle resistance (~118,500) 🔹 Invalidation: Strong 4H close below 115,697 = setup invalid 🔹 Risk/Reward: Favorable — breakout above resistance could trigger a strong bullish wave 🟢 Bullish Plan: Entry: Break + Retest of upper trendline (~118,500) Stop Loss: Below 115,697 Target 1: 122,800 Target 2: 126,384 Full TP: 127,594 🔴 Bearish Warning: ⚠️ “If price breaks the red support zone (115,697), BTC could drop sharply — possibly toward the 100K level and beyond.” — a key invalidation level to monitor closely. 🧠 Conclusion: This is a classic consolidation-to-breakout setup. Monitor volume and breakout confirmation before entering. If bullish momentum holds, this swing trade has great long-term potential. 💬 What do you think? Will BTC break bullish or drop to 100K? Drop your thoughts 👇 📌 Follow for real-time updates and future chart ideas!