Despite the broader bearish trend, Bitcoin has shown early signs of short-term strength. After a retracement to the 0.382 Fibonacci level, price has formed a higher low at $62,328 compared to the previous low at $61,000 — a subtle but important shift in structure.
There is also a liquidity zone between $67,639 and $67,850, which could act as a magnet for price in the short term.
📈 Long Setup
A risky long position can be considered if price holds above $64,516
The main breakout trigger for a stronger long is $67,302
However, due to the liquidity resting above, there is a high probability of a sharp move through resistance. That’s why entering earlier around $64,516 may provide a better positioning.
If the breakout confirms, the next targets are:
$71,000 – $71,500
📉 Short Setup
If price fake-breaks below $64,516, a short setup becomes valid
Or alternatively, a clean break below $62,371 can trigger a short position
The market is currently in a transitional phase, so risk management is key. Stay flexible and let price action confirm direction.
📌 Weekly watchlist will be shared in the next post.
There is also a liquidity zone between $67,639 and $67,850, which could act as a magnet for price in the short term.
📈 Long Setup
A risky long position can be considered if price holds above $64,516
The main breakout trigger for a stronger long is $67,302
However, due to the liquidity resting above, there is a high probability of a sharp move through resistance. That’s why entering earlier around $64,516 may provide a better positioning.
If the breakout confirms, the next targets are:
$71,000 – $71,500
📉 Short Setup
If price fake-breaks below $64,516, a short setup becomes valid
Or alternatively, a clean break below $62,371 can trigger a short position
The market is currently in a transitional phase, so risk management is key. Stay flexible and let price action confirm direction.
📌 Weekly watchlist will be shared in the next post.
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.