🚀 B
TC Scalp Alert: Is the $70K Breakout Imminent?
Bitcoin is currently showing signs of local stabilization after a period of "orderly deleveraging" in early February. While the bears have been pressing hard, institutional inflows into ETFs and a solid double-bottom formation near the $68,100–$68,500 region suggest that the bulls are defending the current range fiercely.
Technically, BTC is rotating within a tight intraday range. A successful flip of the $70,000 psychological resistance could trigger a short squeeze, sending prices toward the $72K+ levels.
📉 The Trade Setup (Scalp)
Direction: Long 🟢
Entry Zone: $68,000 - $67,800 (Layer your entries)
Current Price: ~$68,200
Stop Loss: $66,700(Below the recent demand zone)
🎯 Profit Targets
$69,000 (Immediate Resistance)
$70,000 (Mid-range hurdle)
$71,000 (Technical Confluence)
$72,500 (Trendline Breakout)
$73,500 (Major Liquidity Pool)
$74,500 (Moon Target)
💡 Market Insight
The funding rates have normalized, and the "higher for longer" macro narrative is already priced in. If we hold the $68K support, the path of least resistance for a scalp move is upward. However, keep an eye on the $71,762 level—it remains a pivotal resistance area for a confirmed trend reversal.
Trade Safe. Use Leverage Wisely.
