$BTC
Daily chart is in a hard downtrend after the 97.9k top, but the 59.8k capitulation wick forced a bounce and now price is basing around 69k. My decision: trade it like a range until proven otherwise. I only get aggressive long on a clean reclaim and close above 72.3k; otherwise this is still a sell-the-rip market.
Long plan: entries 69.0k–68.3k on support holds, or breakout above 72.3k. Targets 72.3k → 74.7k → 83.0k. Invalidation/SL: daily close below 66.3k (safer) or hard stop under 68.0k for tight risk.
Short plan: if 69k keeps rejecting, shorts into 71.5k–72.3k resistance. Targets 68.3k → 66.3k → 59.8k. Invalidation/SL: daily close above 72.3k.
Pro tips: wait for the daily close, don’t chase mid-candle; size smaller in chop; take partials at each level; keep leverage low and protect capital first.
