Bitcoin is showing promising bullish signals after a solid bounce from the support region. The recent price action forms a clear recovery pattern with increasing buying pressure.
Key Technical Points:
The recent consolidation above the $63,500 support level suggests accumulation, with momentum building for potential upside continuation. Market structure remains bullish as long as price holds above the recent support zone.
Remember to always use proper position sizing!📈
Like & follow for more trade setups! 🎯
#Bitcoin #BTCUSDT #CryptoTrading
Key Technical Points:
- Strong bounce from support around $60,000
- Formation of bullish candles with good volume
- Current price: $65,804
- Key support level: $63,500
- First target: $66,450
- Second target: $67,340 (premium zone)
The recent consolidation above the $63,500 support level suggests accumulation, with momentum building for potential upside continuation. Market structure remains bullish as long as price holds above the recent support zone.
- Stop loss below $62,375
- Risk:Reward ratio approximately 1:3
Remember to always use proper position sizing!📈
Like & follow for more trade setups! 🎯
#Bitcoin #BTCUSDT #CryptoTrading
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.