🔥 $BTC Long Setup — Finding Footing, Demand Absorbing & Recovery Brewing! 🚀
$BTC is stabilizing at a major support zone after a corrective move, with sellers failing to push price much lower — suggesting demand absorption and shift in momentum near key structural levels. Recent technical analysis shows oversold conditions can fuel relief rallies when support zones hold and liquidity is absorbed at depth.
📍 Long Trade Setup:
🟩 Entry: 64,000 – 65,000
🛑 Stop Loss: 62,300
🎯 TP1: 68,800
🎯 TP2: 70,900
🎯 TP3: 73,400
📈 Why This Matters:
• Price retraced into a high‑confluence demand zone, tapping structural liquidity that historically catalyzes bounces after heavy drawdowns.
• Momentum indicators suggest selling pressure may be easing, with signs of relief off key support. Oversold momentum often precedes relief rallies as buyers absorb downside.
• Liquidity sitting at previous highs means upside targets are realistic if buyers maintain structure and momentum shifts continue.
⚠️ Trade Smart & Manage Risk: Always define your stop‑loss, respect your entry zone, and never chase without confirmation — even when charts look ripe for a bounce
Let’s go $BTC! 🚀👇
#BTC #Crypto #TradeSetup #TechnicalAnalysis
