still tracking $BTC, is starting to recover after defending the lower zone
The RSI reading of 57.2 suggests buyers have the initiative, while leaving some room before an overheated reading. BTC is 3.16% lower over 24 hours and is trading around 65289.02. The moving-average structure is still bearish; any bounce needs to prove it can hold before the bias changes. The recent support area is around 61952.02, while resistance is near 66986.27. Volume is close to its recent average (1.0x), so follow-through will matter more than one candle. For the long, the entry band gives a defined pullback area to assess instead of buying a stretched candle.
Long setup | Spot chart | 1H
Entry: 65044.21–65337.98
TP1: 67472.78 | TP2: 69428.52 | TP3: 71710.20
Stop Loss: 61736.59
#BTC #Crypto #binance #Write2Earn!
The RSI reading of 57.2 suggests buyers have the initiative, while leaving some room before an overheated reading. BTC is 3.16% lower over 24 hours and is trading around 65289.02. The moving-average structure is still bearish; any bounce needs to prove it can hold before the bias changes. The recent support area is around 61952.02, while resistance is near 66986.27. Volume is close to its recent average (1.0x), so follow-through will matter more than one candle. For the long, the entry band gives a defined pullback area to assess instead of buying a stretched candle.
Long setup | Spot chart | 1H
Entry: 65044.21–65337.98
TP1: 67472.78 | TP2: 69428.52 | TP3: 71710.20
Stop Loss: 61736.59
#BTC #Crypto #binance #Write2Earn!
