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.
Clause de non-responsabilité
Les informations et publications ne sont pas destinées à être, et ne constituent pas, des conseils ou recommandations financiers, d'investissement, de trading ou autres fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.
Clause de non-responsabilité
Les informations et publications ne sont pas destinées à être, et ne constituent pas, des conseils ou recommandations financiers, d'investissement, de trading ou autres fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.