đ BTC/USDT Technical Bias
Current Price Context (approx): $64,900 â $65,500 area based on latest data. ïżŒ
Price action through today shows:
âą Strong downward momentum with an aggressive correction from prior multi-month highs.
âą A rebound reaction near the $60,000 psychological level, suggesting buyer interest in deep pullbacks. ïżŒ
Structural Bias:
While sellers have driven price lower, the rebound off key lows indicates potential relief rally opportunity â especially if buyers can defend support and trigger short-covering.
Conclusion:
At this juncture, the long rebound scenario appears stronger than initiating a fresh short â since price is trading at deeply oversold levels with a history of buyer responses at lower bands. Shorting here risks chasing price near support levels where buyers cluster. Response reflects current price structure rather than extended macro forecasts.
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đ BTC/USDT Long Trade Signal (Short-Term)
Entry Zone (Buy on Dip):
đ $62,800 â $65,400
This range captures support reaction zones, where recent bounce originated and liquidity clusters for potential relief trades.
Stop-Loss:
â ïž $60,200
Invalidation level if support breaks with momentum, indicating deeper downside continuation.
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đŻ Take Profit Targets
1. đą TP1 â Relief Reaction: $69,200
First major resistance from prior short-term support-turned-supply.
2. đĄ TP2 â Momentum Swing: $72,800
Secondary resistance aligning with range congestion from recent ranges.
3. đ„ TP3 â Extended Bounce: $77,500
Aggressive target if buyers regain control with broad market strength.
#MarketCorrection #Binance $BTC
