How to go long Bitcoin after a breakout above resistance | Trade of the week

Bitcoin has closed above key resistance seen since early February, signalling a potential move higher. Last week’s close above this resistance level suggests that the breakout may now be confirmed. Although prices pulled back slightly following geopolitical tensions in the Middle East, the broader technical picture still points to renewed interest in cryptocurrencies. In this week’s Trade of the Week, the strategy is to use the recent retracement as an opportunity to go long Bitcoin while maintaining disciplined risk management. Trade setup Entry: around $67,750 Stop loss: $60,090 Target: $88,000 Last week we stood aside due to heightened volatility linked to geopolitical events. The week before that, the EUR/GBP short trade reached its downside target around £0.8650, generating roughly a 3% gain. So far this year results have been mixed, but risk remains limited to 2% of capital per trade. This approach allows losses to stay small while profitable trades can deliver larger gains over time. #TechnicalAnalysis #TradeOfTheWeek #Trading #Bitcoin #BTC #Crypto Trade of the Week Playlist: ►   • Trade of the Week   📈 Catch more market commentary and insights on our channel. 🔔 Subscribe ►    / @iguk_official   Find out more: https://upl.inc/k4gg8x Your capital is at risk. 68% of retail investors lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.