$BTC just saw a long liquidation of $6.9878K at $69,878, and this kind of shakeout is actually healthy. It flushes weak hands and gives the market room to gather strength before the next move. I’m watching closely because these dips often mark the start of a new leg higher if the zone holds.

Trade Setup:

Entry Zone: $68,500–$69,200 — I’m waiting to see if this area holds as support.

Target 1: $70,500 — the first level where buyers could take control.

Target 2: $71,800 — a stronger push if momentum returns.

Stop Loss: $67,800 — below the previous swing low to limit risk.

This zone is strong because it aligns with previous support levels, a 38.2% retracement of the last major rally, and multiple reaction areas where price stalled before. They’re building strength here, and if this level holds, $BTC could quickly retest highs.

It’s a setup where patience matters — waiting for confirmation in the entry zone could make all the difference.