Technical analysis and trading plan $BTC /USDT
📊Current price: ~$69,300–$69,500
Following the recent sharp decline from levels above $77,000–$80,000, the asset is testing a critical support zone around $68,000–$69,000.
Local oversold conditions are emerging on the daily (1D) and 4-hour (4H) timeframes, with the daily RSI approaching areas of buyer interest.
A battle is underway over a key order block on the higher timeframes.
Holding the current zone is critical to preserving the medium-term uptrend.
🎯 Trading setup (Long / Bounce)
With the price approaching a strong psychological and high-volume support zone, a bounce scenario is being considered, with strict risk management.
Trade type: Swing / Intraday Long
Entry zone: $68,500–$69,300
TP1: $72,500 (local resistance / retest of the consolidation area)
TP2: $75,000 (psychological level and midpoint of the previous impulse range)
TP3: $77,500 (upper boundary of the previously broken range)
Stop-loss: $67,200 (4H candle close below the key low / structure breakdown)
Risk/reward ratio (R:R): ~1:3.2
🏷️#bitcoin #TechnicalAnalysis #TradingSetup
📊Current price: ~$69,300–$69,500
Following the recent sharp decline from levels above $77,000–$80,000, the asset is testing a critical support zone around $68,000–$69,000.
Local oversold conditions are emerging on the daily (1D) and 4-hour (4H) timeframes, with the daily RSI approaching areas of buyer interest.
A battle is underway over a key order block on the higher timeframes.
Holding the current zone is critical to preserving the medium-term uptrend.
🎯 Trading setup (Long / Bounce)
With the price approaching a strong psychological and high-volume support zone, a bounce scenario is being considered, with strict risk management.
Trade type: Swing / Intraday Long
Entry zone: $68,500–$69,300
TP1: $72,500 (local resistance / retest of the consolidation area)
TP2: $75,000 (psychological level and midpoint of the previous impulse range)
TP3: $77,500 (upper boundary of the previously broken range)
Stop-loss: $67,200 (4H candle close below the key low / structure breakdown)
Risk/reward ratio (R:R): ~1:3.2
🏷️#bitcoin #TechnicalAnalysis #TradingSetup
