$BTC I’m interested here because that huge red candle looks like a fast liquidation sweep into support, and price is trying to stabilize right on the low instead of free falling.

Market read

On the 15m chart, price pushed up and tagged 97,193.34, then we got a heavy dump that stabbed down to 95,960.76 and bounced slightly. That wick zone is the key. When a move dumps this fast, it often clears leverage and stops, then the market either snaps back to fill the drop or it keeps bleeding if support fails. Right now we’re sitting near 95,990, which means the entire setup depends on holding the 95,960 to 95,780 support pocket. If that holds, a relief bounce is on the table. If it breaks and starts closing below, then downside continuation becomes the main risk.

Entry point

EP1 95,900 to 96,050 (dip entry near the sweep low, best risk)

EP2 96,450 to 96,700 (only if price reclaims and holds above the mid level)

Target point

TP1 96,712

TP2 96,984

TP3 97,254

Stop loss

SL 95,720 (below 95,777 low, if this breaks the sweep turned into breakdown)

How it’s possible

That candle likely forced liquidations and panic selling, and those events usually leave a wick that acts like a short term floor. If buyers defend 95,900 to 96,050, price can rotate back to the nearest resistance at 96,712 first. If it reclaims that level, 96,984 is the next step, and a full snap back toward 97,254 becomes possible as the drop gets partially filled.

Let’s go and Trade now $BTC