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$BTC Short Analysis & Likely Trading Setup
Bullish reversal / pullback bounce in a larger correction
BTC was in a down leg from higher levels (~89k+ ATH zone → correction to ~74k area).
Now showing higher lows + strong bullish candles + positive MACD → classic bull flag / momentum resumption or demand zone bounce.
Most probable trade setups traders see here:
Long on pullback to the demand zone / last green candle lows (around 74,000–74,600) with stop below recent swing low.
Breakout long if price closes above the dashed resistance (likely 76k–78k area) with MACD staying positive.
Continuation play — ride the green candle momentum as long as MACD doesn't cross down sharply.
Bias right now: Mildly bullish (momentum favors buyers), but watch for rejection at resistance — if red candles return + MACD turns negative, it could retest lower (~72k–68k mentioned in some analyses).
#89k #ShortTermSignals
Bullish reversal / pullback bounce in a larger correction
BTC was in a down leg from higher levels (~89k+ ATH zone → correction to ~74k area).
Now showing higher lows + strong bullish candles + positive MACD → classic bull flag / momentum resumption or demand zone bounce.
Most probable trade setups traders see here:
Long on pullback to the demand zone / last green candle lows (around 74,000–74,600) with stop below recent swing low.
Breakout long if price closes above the dashed resistance (likely 76k–78k area) with MACD staying positive.
Continuation play — ride the green candle momentum as long as MACD doesn't cross down sharply.
Bias right now: Mildly bullish (momentum favors buyers), but watch for rejection at resistance — if red candles return + MACD turns negative, it could retest lower (~72k–68k mentioned in some analyses).
#89k #ShortTermSignals
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