Bitcoin Daily Update by SHAH:
*Key Points*
1. *Breakout*: Bitcoin is breaking out of its trendline on the 4hr and 1hr time frames.
2. *Target*: The possible target for BTC is the next supply zone at 99600 and 100000 area.
3. *Confirmation*: If BTC closes above 100k, it may confirm the next leg up.
*Action Plan*
1. *Adjust Stop-Loss*: Move stop-loss to entry or a safe place when BTC moves up.
2. *Book Profit*: Book profit when due.
3. *Caution*: Be cautious if BTC fails to break the supply zone, as a correction may occur over the weekend.
*Trading Considerations*
1. *Bullish Sentiment*: A close above 100k could indicate a strong bullish sentiment.
2. *Supply Zone Resistance*: The 99600-100000 area may act as a strong resistance level.
3. *Risk Management*: Manage risk by adjusting stop-loss and taking partial profits.
