I'm looking at $BTC reclaiming short-term momentum, currently trading at 82,963.27 and pushing back above its MA60 line at 82,838.34. The chart shows a sharp volatility spike earlier up to 83,148.70, followed by a sweep of lower liquidity near 82,575.95 before buyers stepped back in.
Price is consolidating tightly under the local 83,034.15 resistance level after recovering from the sharp dip. Since price is re-establishing structure above the MA60 line, I'm looking for a minor pullback toward that moving average support to catch continuation. A failure to hold above the MA60 would signal that this recovery is fading and invalidate the setup.
Trade idea:
📍 Entry: 82,800.00 - 82,850.00
🎯 TP1: 83,034.00
🎯 TP2: 83,158.00 (24h High retest)
🎯 TP3: 83,400.00
🛑 Invalidation: 82,650.00
A break back below 82,650.00 destroys the current higher-low push and opens the door for another leg toward recent lows.
Waiting to see if buyers defend the MA60 on a retest rather than buying directly into resistance.
Price is consolidating tightly under the local 83,034.15 resistance level after recovering from the sharp dip. Since price is re-establishing structure above the MA60 line, I'm looking for a minor pullback toward that moving average support to catch continuation. A failure to hold above the MA60 would signal that this recovery is fading and invalidate the setup.
Trade idea:
📍 Entry: 82,800.00 - 82,850.00
🎯 TP1: 83,034.00
🎯 TP2: 83,158.00 (24h High retest)
🎯 TP3: 83,400.00
🛑 Invalidation: 82,650.00
A break back below 82,650.00 destroys the current higher-low push and opens the door for another leg toward recent lows.
Waiting to see if buyers defend the MA60 on a retest rather than buying directly into resistance.