The Setup (LONG $BTC):
ā¢ Entry Zone: $64,600 ā $65,000
ā¢ Invalidation / Stop Loss: $63,700
ā¢ Target šÆ 1: $65,500
ā¢ Target šÆ 2: $66,200
ā¢ Target šÆ 3: $67,500
The Market Narrative:
Bitcoin continues to demonstrate strong resilience above $64,000 following a successful liquidity sweep from the $62,300 local bottom. Institutional and spot buyers are actively absorbing sell pressure near key demand levels, priming the market for an expansion toward $66K+.
The Technical Breakdown:
On the 1-hour chart, $BTC remains locked in a clean bullish market structure characterized by a sequential series of higher highs and higher lows. After tapping local resistance at $65,474.46, the resulting pullback was shallow and promptly absorbed around $64,700, indicating significant accumulation rather than distribution.
As long as price holds above the key structural pivot at $63,800, the path of least resistance remains upward. Retesting the current $64,600ā$65,000 demand pocket provides an optimal high-probability entry for a continuation push toward local resistance at $65,500 and higher macro liquidity pools at $66,200.
Do you think Bitcoin breaks $65.5K on this next attempt, or are we sweeping $64K first? Drop your predictions below! š
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Disclaimer: This is for educational purposes only and is not investment advice. Always do your own research and manage your risk.