$BTC — Support test, bounce or breakdown setup
Long $BTC
Entry: 69,200 – 70,000
SL: 68,400
TP1: 71,200
TP2: 73,500
TP3: 76,000
Price is currently testing a key support zone after a short-term pullback. The downside move is slowing, which suggests selling pressure is weakening and buyers are starting to step in around this level.
On lower timeframes, price is attempting to form a base, and if higher lows continue to develop, this could turn into an accumulation phase before the next move up.
As long as 68.5K holds, the bullish structure remains valid. A reclaim of 71K can trigger momentum buyers and lead to a move toward higher liquidity zones.
If support fails, a deeper retrace can occur, but for now, the reaction at this level favors a potential bounce.
Trade $BTC here 👇
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