$BTC Bitcoin has staged a strong recovery after printing a major swing low near 60,000, forming a clear V-shaped bounce on the 4H timeframe. Price is now consolidating around 70,200, signaling a pause after the impulsive bullish move. This structure suggests the market is transitioning from panic selling into controlled accumulation.$BTC
๐ Market Structure
Short-term trend has flipped bullish after reclaiming 67,500โ68,000.
Current price action shows higher lows, indicating buyers are defending dips.
Consolidation below resistance hints at a potential bullish continuation rather than exhaustion.
๐ Key Levels to Watch
Immediate Resistance: 71,800 โ 72,000
Major Resistance: 76,000 โ 79,300 (previous supply zone)
Strong Support: 67,500 โ 68,000
Critical Support: 63,000 โ 60,000 (bull-market defense zone)
๐ Trade Scenarios
Bullish Breakout: A clean 4H close above 72,000 could open the door toward 76K and 79K.
Pullback Buy: Any dip into 68Kโ67.5K with confirmation may offer high-RR long entries.
Bearish Risk: Losing 67,000 increases downside probability toward 63K, invalidating the bullish structure.
๐ง Trader Insight Momentum has cooled, but structure remains constructive. Smart money typically builds positions during this kind of sideways grind after a sharp rebound.
โ ๏ธ Trade with confirmation, manage risk, and donโt chase breakouts blindly.
Not Financial Advice)
Disclaimer: I am not your financial advisor.
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