BTC is recovering after sweeping liquidity near 74,000–75,000 and is now trading around 77,300 above the short-term EMA.
Still, the 77,700–78,000 zone remains a major resistance area because it aligns with the larger EMA and previous supply.
Trade Plan
Buy setup: wait for BTC to pull back toward 76,500–76,000. If buyers defend this area clearly, targets are 79,000 and 80,000–81,000.
Breakout setup: only consider continuation if BTC closes firmly above 78,000 on H4.
Invalidation: if BTC loses 76,000, the recovery setup becomes weaker and price may revisit 75,000–74,000.
Still, the 77,700–78,000 zone remains a major resistance area because it aligns with the larger EMA and previous supply.
Trade Plan
Buy setup: wait for BTC to pull back toward 76,500–76,000. If buyers defend this area clearly, targets are 79,000 and 80,000–81,000.
Breakout setup: only consider continuation if BTC closes firmly above 78,000 on H4.
Invalidation: if BTC loses 76,000, the recovery setup becomes weaker and price may revisit 75,000–74,000.
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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.
Related publications
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.