BTC is currently sitting at a major support zone around 59–60k.
After the recent aggressive selloff, low timeframes already look due for a rebound and even the daily chart is starting to look like we could see some green days soon.
Right now I'm leaning more towards a bounce from this 59–60k zone rather than immediate continuation lower into 55–50k, but crypto is crypto and anything can happen.
I just opened a long position targeting the daily gaps above. Looking at the setup, it offers a solid risk-to-reward opportunity.
Targets:
🎯 64.8k – 66.2k
🎯 67.5k – 70.7k
🎯 73k – 74k
My invalidation is simple:
❌ If we start accepting below the 60k support zone, I'll close the trade and reassess.
For now, I'm giving the bulls a chance to defend this level. Let's see how price reacts over the next few days.
After the recent aggressive selloff, low timeframes already look due for a rebound and even the daily chart is starting to look like we could see some green days soon.
Right now I'm leaning more towards a bounce from this 59–60k zone rather than immediate continuation lower into 55–50k, but crypto is crypto and anything can happen.
I just opened a long position targeting the daily gaps above. Looking at the setup, it offers a solid risk-to-reward opportunity.
Targets:
🎯 64.8k – 66.2k
🎯 67.5k – 70.7k
🎯 73k – 74k
My invalidation is simple:
❌ If we start accepting below the 60k support zone, I'll close the trade and reassess.
For now, I'm giving the bulls a chance to defend this level. Let's see how price reacts over the next few days.
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Declinazione di responsabilità
Le informazioni e le pubblicazioni non sono intese come, e non costituiscono, consulenza o raccomandazioni finanziarie, di investimento, di trading o di altro tipo fornite o approvate da TradingView. Per ulteriori informazioni, consultare i Termini di utilizzo.