$BTC Current Price:
$65,292
Market Structure Overview:
The market experienced a strong sell-off followed by consolidation.
Price is trading below the MA(7) ≈ $66,378.
MA(25) ≈ $69,004 acting as major dynamic resistance.
Clear lower highs and lower lows structure.
Strong psychological support near $60,000.
The trend remains bearish on the daily timeframe until proven otherwise.
🔴 Primary Plan: Short on Resistance Rejection
Entry Zone:
$66,000 – $67,000
(Confluence of short-term MA resistance and recent rejection area)
Stop Loss:
$69,200
(Daily close above MA25 invalidates bearish structure)
Take Profit Targets:
TP1: $63,800
TP2: $61,500
TP3: $60,200
Estimated Risk-to-Reward: Approximately 1:2.5 or better
This setup aligns with the current bearish structure unless a breakout occurs.
🟢 Alternative Plan: Long on Confirmed Breakout
Only consider long positions if:
Daily candle closes strongly above $69,500
Long Entry:
On retest of the $69,000 zone
Stop Loss:
$67,800
Take Profit Targets:
$72,000
$75,000
This would signal early trend reversal confirmation.
📉 Key Observations
Volume is declining → momentum is weakening.
MA(7) remains below MA(25) → bearish pressure continues.
$60,000 remains a major liquidity and psychological support zone.
Until $69K is reclaimed, the broader structure remains cautious/bearish.
⚠ Risk Management
Risk only 1–2% per trade
Use moderate leverage (3x–5x maximum on Daily timeframe)
Daily timeframe trades require patience and discipline
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