BTCUSD TECHNICAL ANALYSIS NEXT MOVE POSSIBLE Bitcoin / US DollarCOINBASE:BTCUSDDavidHills110This chart represents a bullish breakout setup for Bitcoin (BTC/USD) on the 1-hour timeframe. Key Observations: 1. Downtrend Breakout Attempt: The black trendline indicates a previous downtrend. Price is attempting to break above this trendline, signaling a potential trend reversal or short-term bullish move. 2. Entry & Target: The green zone suggests a long (buy) position with an entry around 88,980. The target is around 94,311, indicating an expected move toward previous resistance. 3. Stop-Loss Placement: The red zone (86,841) is the stop-loss level, meaning the trade would be invalidated if BTC falls below this point. Possible Trade Idea: Buy if BTC confirms a breakout above the trendline. Stop-loss below 86,841 to manage risk. Target 94,311 for potential upside profit. Are you already in this trade, or waiting for confirmation?