$BTC still looks stronger on the long side, but the current price is too close to the recent rejection zone for a clean chase entry.
Bias: Long on pullback
Entry zone: 77,800 to 78,600
Stop: below 77,000
TP1: 81,272
TP2: 82,500 to 84,000
TP3: 86,000 to 88,000 if momentum continues
The reason I prefer long is that BTC broke out strongly from the previous range and buyers are still holding above the short-term moving average. The only issue is the rejection near 81,272, so I would wait for a pullback instead of buying into resistance. If BTC loses 77,000, the long setup weakens and price could cool down further toward the MA7 area.
Bias: Long on pullback
Entry zone: 77,800 to 78,600
Stop: below 77,000
TP1: 81,272
TP2: 82,500 to 84,000
TP3: 86,000 to 88,000 if momentum continues
The reason I prefer long is that BTC broke out strongly from the previous range and buyers are still holding above the short-term moving average. The only issue is the rejection near 81,272, so I would wait for a pullback instead of buying into resistance. If BTC loses 77,000, the long setup weakens and price could cool down further toward the MA7 area.
