$BTC : Long Setup
BTC staged a V-shaped recovery from 75,690 and is now pressing into the 78,350–78,850 resistance. I'm waiting for a pullback into the breakout zone instead of chasing under resistance.
Entry: 77,500 – 77,850
Stop-loss: 77,000
- TP1: 78,350
- TP2: 78,850
- TP3: 79,500
Reason: V-shaped recovery on strong volume, price above the rising 9-period MA, and the 77,500 zone should now act as support. A 1H close above 78,900 opens 79,500+. A 1H close below 77,000 invalidates the setup.
📰 News: Bitcoin fell just below $76,000 early Wednesday as reports showed Democrats winning both chambers of Congress, then staged a V-shaped recovery as election uncertainty faded. US spot Bitcoin ETFs recorded $115.56 million in net outflows on November 3, and analysts are watching support at 75,500–76,500 and resistance at $78,000–$80,000. The US jobs report is due Friday, so expect sharp moves.
⚠️ Small size, low leverage.
Personal view, not financial advice. DYOR.
#BTC #Binance #crypto #futures #BinanceSquare
BTC staged a V-shaped recovery from 75,690 and is now pressing into the 78,350–78,850 resistance. I'm waiting for a pullback into the breakout zone instead of chasing under resistance.
Entry: 77,500 – 77,850
Stop-loss: 77,000
- TP1: 78,350
- TP2: 78,850
- TP3: 79,500
Reason: V-shaped recovery on strong volume, price above the rising 9-period MA, and the 77,500 zone should now act as support. A 1H close above 78,900 opens 79,500+. A 1H close below 77,000 invalidates the setup.
📰 News: Bitcoin fell just below $76,000 early Wednesday as reports showed Democrats winning both chambers of Congress, then staged a V-shaped recovery as election uncertainty faded. US spot Bitcoin ETFs recorded $115.56 million in net outflows on November 3, and analysts are watching support at 75,500–76,500 and resistance at $78,000–$80,000. The US jobs report is due Friday, so expect sharp moves.
⚠️ Small size, low leverage.
Personal view, not financial advice. DYOR.
#BTC #Binance #crypto #futures #BinanceSquare
