$BTC 23:00 A sharp wick drove the price down to 74,810 (an 8-day low), then it bounced back to 75,730. Hourly volume hit 25,000 contracts, the highest of the day, and the 24-hour change flipped from -6% to positive. It failed to drop when a blowout nonfarm payrolls report should have sent it lower; shorts chasing between 74,600 and 75,200 were swept out at the lows.
Conservative: Go long on a pullback to 75,260 if it holds; stop at 74,780, target 76,980.
Aggressive: Go long if the 1H candle closes and holds above 76,100; stop at 75,600, target 77,400.
Invalidation: If the 1H candle closes below 74,810, the long setup is void; watch 74,000.
The 4H MA20 at 77,823 is still acting as resistance; this is only a sign of the decline stalling, not a reversal.
#BTC #WriteToEarn
Conservative: Go long on a pullback to 75,260 if it holds; stop at 74,780, target 76,980.
Aggressive: Go long if the 1H candle closes and holds above 76,100; stop at 75,600, target 77,400.
Invalidation: If the 1H candle closes below 74,810, the long setup is void; watch 74,000.
The 4H MA20 at 77,823 is still acting as resistance; this is only a sign of the decline stalling, not a reversal.
#BTC #WriteToEarn