#BTC Long Trade Configuration:
The price is at 68.829 after pulling back from the 24h high around 70.632 and finding some buyers near the level of 68.000, now sitting just above this round number with some green candles trying to hold.
It needs to stay above 68.000-68.500, where the recent low was recorded and the MA(99) is close at 68.479.
If it breaks and closes above 69.000-69.200 with some increasing volume, this could start to reverse the pullback and pave the way for 70.000 or retest the high of 70.600 if the momentum increases.
Risk Note:
It is down over 2% today with the price below the MA(25) at 68.931 and still in a corrective phase after the drop from the 71k area, so the downward pressure remains if 68.000 fails.
Next Move:
Watch if it can defend 68.500-68.800 and start to put in higher lows with green volume, or if we receive rejection here and another downward impulse testing 68.000 or even the zone of 67.800-68.000 again.
BTCFellBelow$69,000Again#TradeCryptosOnX #MarketRebound $BTC
