Bitcoin has bounced back toward $63.5K, but the recovery still looks vulnerable. After the sharp fall from above $74K to the $59K–60K zone, the current move appears more like a resistance retest than a confirmed bullish reversal.
ETF inflows helped the earlier rebound, but crypto sentiment is still not strong enough. With the US Dollar supported by Fed expectations, risk assets may continue to face pressure.
Trade Setup:
Sell Zone: $64,000 – $65,000
Stop Loss: $66,200
Take Profit 1: $62,300
Take Profit 2: $60,800
Take Profit 3: $60,000
ETF inflows helped the earlier rebound, but crypto sentiment is still not strong enough. With the US Dollar supported by Fed expectations, risk assets may continue to face pressure.
Trade Setup:
Sell Zone: $64,000 – $65,000
Stop Loss: $66,200
Take Profit 1: $62,300
Take Profit 2: $60,800
Take Profit 3: $60,000
Trade active
Trade closed: target reached
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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.
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.