Bitcoin’s Next Big Move Is Loading… But Traders Are Missing the Signal
Everyone is calling recovery after that $1.79B liquidation flush today. And yes the bounce looks clean. Higher lows forming, buyers stepped in hard at 65,950 and RSI is recovering from oversold. That is all real.
But here is what i am watching that most people are ignoring.
$BTC is still sitting below major resistance at 67,722. Until that level breaks and closes above it, this is still a range and ranges have a habit of trapping bulls right before another flush.
The structure right now is neutral to slightly bullish above 66,700. Nothing more. Nothing less.
If you are trading this market right now here is how i see it playing out.
Aggressive entry: Look for longs on pullbacks while 66,700 holds
Conservative entry: Wait for a confirmed close above 67,722 before touching anything
If 65,950 breaks: step aside completely, next support is much lower
Targets on a confirmed breakout: 68,000 then 68,300
Invalidation: Any close below 65,950
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What is your read on BTC right now, bounce continuation or one more leg down first? Drop your view below
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