Bitcoin CME Futures (1H) is showing a potential bullish reversal after completing a rounded bottom formation near the 70,000 support zone. Price has recovered from recent lows and is moving toward the key resistance level around 73,040. A successful breakout and retest of this resistance could confirm further upside momentum, with a projected move toward the 74,000–75,000 area. Risk is managed below 69,135, while buyers remain in control above the 70,250 support region.
Short Telegram Caption:
BTC/USD Bullish Setup
Rounded bottom formation completed.
Price is approaching the key resistance at 73,040.
A breakout and retest could trigger the next bullish leg toward 74,000+.
Entry Zone: 70,250
Target: 73,100 – 74,000+
Stop Loss: 69,135
Trade with proper risk management.
Short Telegram Caption:
BTC/USD Bullish Setup
Rounded bottom formation completed.
Price is approaching the key resistance at 73,040.
A breakout and retest could trigger the next bullish leg toward 74,000+.
Entry Zone: 70,250
Target: 73,100 – 74,000+
Stop Loss: 69,135
Trade with proper risk management.
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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.