$BTC Bias: Bullish (Intraday Long / Relief Bounce)

BTC
BTC
71,509.99
+9.27%

Entry Zone: $64,280 – $64,380 USDT (Near current level / retest of MA 7 support)

Stop Loss (SL): $64,120 USDT (Strictly below the local wick low of $64,166 to invalidate false breakouts)

Target 1 (TP1): $64,470 USDT (Re-test of 99-period Moving Average resistance)

Target 2 (TP2): $64,780 USDT (Prior local high / swing resistance)

Trade Logic

Liquidity Sweep & Double Bottom: BTC swept below $64,200 to hit $64,166, which instantly triggered strong buy volume (indicated by the large green volume bar at the bottom).

Moving Average Reclaim: Price is crossing back above the short-term MA 7 and MA 25 lines, signaling early bullish momentum toward the overhead MA 99 ($64,471).

Risk/Reward: Tight SL below $64,166 gives a clean 1:2+ risk-to-reward ratio targeting a push back to $64,780.