$BTC just did something interesting it reclaimed both short-term moving averages in one push. 👀
From $62,275 to $63,882 in a few candles isn't nothing, but the real story is what's overhead: that $64,422 zone (MA99) is exactly where the last rally died before dropping over $3K. This isn't new territory, it's a rematch.
Long bias while $63,200 holds:
Entry: $63,500 – $63,900
SL: $62,600
TP1: $64,420
TP2: $65,000
TP3: $65,400
Volume's been picking up on this recovery leg, which is a decent sign but until $BTC actually closes above $64,420 with conviction, treat this as a test, not a breakout. Lose $63,200 and the whole bounce loses its footing fast.
Not financial advice. Manage your size. DYOR 🧠
#btc70k #CoinbaseBTCPremiumNegative77Days
From $62,275 to $63,882 in a few candles isn't nothing, but the real story is what's overhead: that $64,422 zone (MA99) is exactly where the last rally died before dropping over $3K. This isn't new territory, it's a rematch.
Long bias while $63,200 holds:
Entry: $63,500 – $63,900
SL: $62,600
TP1: $64,420
TP2: $65,000
TP3: $65,400
Volume's been picking up on this recovery leg, which is a decent sign but until $BTC actually closes above $64,420 with conviction, treat this as a test, not a breakout. Lose $63,200 and the whole bounce loses its footing fast.
Not financial advice. Manage your size. DYOR 🧠
#btc70k #CoinbaseBTCPremiumNegative77Days