$BTC 15m Chart: Support Hold & Bullish Hammer Rejection! 🔨🚀
$BTC just completed a clean liquidity sweep near the key $76,000 level and printed a strong Bullish Hammer Candle right off the support zone!
Key Price Action Observations:
Liquidity Sweep: Price aggressively swept the lows down to $76,000.30 to grab sell-side liquidity before quickly recovering.
Hammer Candle Pattern: The lower wick rejection resulted in a classic Hammer Candle, signaling strong buying pressure and absorption of sellers.
Key Support Zone: Holding firmly above the $76,741 support area, maintaining a short-term bullish market structure shift.
Trading Plan:
Bullish Outlook: Expecting a retest of the upper resistance zone towards $78,350 and $79,800 if momentum continues.
Invalidation: A clean close below the $76,000 swing low invalidates this setup.
Is $BTC ready to pump back to $80k? What’s your take? Let’s chat in the comments! 👇
$BTC just completed a clean liquidity sweep near the key $76,000 level and printed a strong Bullish Hammer Candle right off the support zone!
Key Price Action Observations:
Liquidity Sweep: Price aggressively swept the lows down to $76,000.30 to grab sell-side liquidity before quickly recovering.
Hammer Candle Pattern: The lower wick rejection resulted in a classic Hammer Candle, signaling strong buying pressure and absorption of sellers.
Key Support Zone: Holding firmly above the $76,741 support area, maintaining a short-term bullish market structure shift.
Trading Plan:
Bullish Outlook: Expecting a retest of the upper resistance zone towards $78,350 and $79,800 if momentum continues.
Invalidation: A clean close below the $76,000 swing low invalidates this setup.
Is $BTC ready to pump back to $80k? What’s your take? Let’s chat in the comments! 👇
