BTCUSDBitcoin / U.S. dollarBITSTAMP:BTCUSDAli_Explorer Trade Setup: Bitcoin (BTC/USDT) – Long Position Opportunity A potential buy setup on Bitcoin (BTC) has emerged, supported by favorable short-term technical patterns and price action signals pointing toward upward momentum. BTC is currently hovering near a minor support zone just above 118,750, which has previously held as a base for short-term upward moves. Entering the trade at 118,817.50 offers a strategic position near the support, minimizing risk while maximizing potential upside. The price structure on lower timeframes (5M–15M) indicates bullish divergence, suggesting buying strength is building despite recent consolidation. The first target at 118,900 lies just above the recent consolidation high and could be achieved quickly if buyers step in. The second target at 118,980 captures a resistance level observed in the last swing high and serves as a strong intraday objective. The final target at 119,120 approaches a key psychological level and aligns with Fibonacci extension levels—ideal for closing positions with maximum gain. The stop loss at 118,750 is tightly placed just below the local support zone, controlling risk and allowing the trade room to breathe.