"Jack's Trading Classroom: BTCUSD Long Position Take Profit Target"

Yesterday evening, we published a technical analysis titled "Long Entry Opportunities in BTCUSD One-Hour Chart," in which we mentioned the long entry points on the one-hour chart. Subsequently, Bitcoin closed above the EMA12 filter line on the one-hour chart. After the conditions for long entry were met, we set the stop-loss at the mentioned low of 17650.0 as discussed yesterday.

Yesterday evening, we published a technical analysis titled "Long Entry Opportunities in the BTCUSD One-Hour Chart." In the article, we mentioned the entry points for long positions on the one-hour chart. Subsequently, Bitcoin closed above the EMA12 filter line on the one-hour chart, confirming the conditions for entering long positions. Following our previous mention, we set the stop-loss at the mentioned low of 17650.0.

According to the stop-loss distance, the leverage should be set at 20-25X. Bitcoin later rose to form a high of 18722.0 before retracing. We set 18722.0 as the Fibonacci 100 level and 17650.0 as the Fibonacci 0 level. The retracement price fell to the 38.2 support level at 18059.5.

By retracing to the 38.2 Fibonacci support level, we can identify the upper profit-taking target at 127.2-138.2, with the intermediate price range at 19013.5-19131.5. If the price reaches this profit-taking target range, we estimate that the return rate will exceed 100%, making it a qualified profit-taking range based on risk-reward ratio.

In recent days, the digital currency market has experienced significant volatility. We recommend that operators strictly follow risk control measures and avoid high leverage and high contract volume operations to prevent additional losses caused by volatile market conditions. This article reflects personal opinions, and readers should exercise caution when using it as a reference, as cryptocurrency trading may pose risks to your capital.

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