BTC is currently sitting at a major support zone around 59–60k.
After the recent aggressive selloff, low timeframes already look due for a rebound and even the daily chart is starting to look like we could see some green days soon.
Right now I'm leaning more towards a bounce from this 59–60k zone rather than immediate continuation lower into 55–50k, but crypto is crypto and anything can happen.
I just opened a long position targeting the daily gaps above. Looking at the setup, it offers a solid risk-to-reward opportunity.
Targets:
🎯 64.8k – 66.2k
🎯 67.5k – 70.7k
🎯 73k – 74k
My invalidation is simple:
❌ If we start accepting below the 60k support zone, I'll close the trade and reassess.
For now, I'm giving the bulls a chance to defend this level. Let's see how price reacts over the next few days.
After the recent aggressive selloff, low timeframes already look due for a rebound and even the daily chart is starting to look like we could see some green days soon.
Right now I'm leaning more towards a bounce from this 59–60k zone rather than immediate continuation lower into 55–50k, but crypto is crypto and anything can happen.
I just opened a long position targeting the daily gaps above. Looking at the setup, it offers a solid risk-to-reward opportunity.
Targets:
🎯 64.8k – 66.2k
🎯 67.5k – 70.7k
🎯 73k – 74k
My invalidation is simple:
❌ If we start accepting below the 60k support zone, I'll close the trade and reassess.
For now, I'm giving the bulls a chance to defend this level. Let's see how price reacts over the next few days.
إخلاء المسؤولية
لا يُقصد بالمعلومات والمنشورات أن تكون، أو تشكل، أي نصيحة مالية أو استثمارية أو تجارية أو أنواع أخرى من النصائح أو التوصيات المقدمة أو المعتمدة من TradingView. اقرأ المزيد في شروط الاستخدام.
إخلاء المسؤولية
لا يُقصد بالمعلومات والمنشورات أن تكون، أو تشكل، أي نصيحة مالية أو استثمارية أو تجارية أو أنواع أخرى من النصائح أو التوصيات المقدمة أو المعتمدة من TradingView. اقرأ المزيد في شروط الاستخدام.