$BTC Update: Bounce From $72.7K, Bulls Need to Reclaim Supertrend 🟠
Bitcoin (BTCUSDT Perp) is trading around $73,734, down -1.43% in the last 24 hours. The 24h range is $72,691 to $74,977, with massive volume of about $12.77B USDT.
Short-term view (1h chart):
• Price dumped to $72,691 and recovered with a strong bounce, forming higher lows since
• Supertrend is bearish at $75,055, acting as strong overhead resistance
• RSI(6) is at 52.2, neutral and recovering, so momentum is improving
• Resistance: $73,798, then $74,420 and $75,042
• Support: $73,176, then $72,691 and $72,555
Bigger picture:
• Today: +0.38%
• 7 Days: -4.95%
• 30 Days: -11.85%
• 90 Days: +16.37%
• 180 Days: -9.56%
• 1 Year: -30.07%
BTC is still in a short-term downtrend, but the sharp recovery from $72.7K shows buyers are active at this zone. Sellers keep control until price reclaims the Supertrend line near $75K. Since BTC leads the whole market, this range sets the tone for altcoins too.
📊 Trade Plan (Example Only):
Long (support bounce):
• Entry: $73,200 - $73,700 (confirm with a green 1h candle)
• Stop Loss: $72,500
TP1: $74,420
• TP2: $75,040
• Risk-Reward: approx. 1:2
Long (breakout play):
• Entry: Above $75,100 with a 1h candle close (Supertrend flip)
• Stop Loss: $74,400
• TP1: $75,664
• TP2: $76,500
Short (breakdown play):
• Entry: Below $72,650 with a 1h candle close
• Stop Loss: $73,300
• TP1: $71,800
• TP2: $71,000
Invalidation: For the bounce, a 1h close below $72,691 cancels the setup. For the breakout, a close back below $74,420 means the flip failed. For shorts, a strong close above $74,420 invalidates the bearish view.
Wait for candle closes, keep position size small, and use low leverage on futures.
Will BTC reclaim $75K or retest $72.7K? Share your view below! 👇
Not financial advice. Always DYOR. Futures trading carries high risk.
#BTC #BinanceSquare #cryptotrading #TradingSignals #TechnicalAnalysis
$ONE
$INIT
Bitcoin (BTCUSDT Perp) is trading around $73,734, down -1.43% in the last 24 hours. The 24h range is $72,691 to $74,977, with massive volume of about $12.77B USDT.
Short-term view (1h chart):
• Price dumped to $72,691 and recovered with a strong bounce, forming higher lows since
• Supertrend is bearish at $75,055, acting as strong overhead resistance
• RSI(6) is at 52.2, neutral and recovering, so momentum is improving
• Resistance: $73,798, then $74,420 and $75,042
• Support: $73,176, then $72,691 and $72,555
Bigger picture:
• Today: +0.38%
• 7 Days: -4.95%
• 30 Days: -11.85%
• 90 Days: +16.37%
• 180 Days: -9.56%
• 1 Year: -30.07%
BTC is still in a short-term downtrend, but the sharp recovery from $72.7K shows buyers are active at this zone. Sellers keep control until price reclaims the Supertrend line near $75K. Since BTC leads the whole market, this range sets the tone for altcoins too.
📊 Trade Plan (Example Only):
Long (support bounce):
• Entry: $73,200 - $73,700 (confirm with a green 1h candle)
• Stop Loss: $72,500
TP1: $74,420
• TP2: $75,040
• Risk-Reward: approx. 1:2
Long (breakout play):
• Entry: Above $75,100 with a 1h candle close (Supertrend flip)
• Stop Loss: $74,400
• TP1: $75,664
• TP2: $76,500
Short (breakdown play):
• Entry: Below $72,650 with a 1h candle close
• Stop Loss: $73,300
• TP1: $71,800
• TP2: $71,000
Invalidation: For the bounce, a 1h close below $72,691 cancels the setup. For the breakout, a close back below $74,420 means the flip failed. For shorts, a strong close above $74,420 invalidates the bearish view.
Wait for candle closes, keep position size small, and use low leverage on futures.
Will BTC reclaim $75K or retest $72.7K? Share your view below! 👇
Not financial advice. Always DYOR. Futures trading carries high risk.
#BTC #BinanceSquare #cryptotrading #TradingSignals #TechnicalAnalysis
$ONE
$INIT
