The chart outlines the expected short-term direction for the market. On the 15-minute timeframe,
$BTC is showing a clear recovery pattern, and the key levels are highlighted in the image. The strategy is simple — follow the structure and respect the marked zones.
Bitcoin recently declined into a strong demand area around 68,600–68,900, where buyers reacted aggressively. This zone acted as a liquidity grab before price rebounded sharply. The strength of that bounce suggests that large participants defended this level, establishing it as a solid base for the current upward movement.
After reclaiming lost intraday support, price began forming higher lows and higher highs a classic sign of a short-term trend shift. The strong bullish push above 70,000 reflects renewed buying interest, supported by expanding volume. This indicates genuine demand behind the move rather than weak speculative activity. Momentum appears to be shifting from correction to continuation.
Price is now consolidating around the 70,400–70,600 range. This pause looks healthy after the impulsive rally and is acting as short-term support. Holding above this area is essential to maintain bullish momentum. As long as the structure stays intact above this zone, the upside probability remains favorable.
The 72,260 level stands out as a critical breakeven and resistance zone. Previously, sellers entered here, creating supply pressure. A clean breakout and sustained hold above this region would confirm strength and likely trigger additional buying from breakout traders while forcing short positions to cover — potentially accelerating the rally.
The next major upside objective sits near 74,200, aligning with prior highs and liquidity above resistance. This makes it a logical target if momentum continues. However, partial profit-taking before this level is wise, as strong reactions are possible.
On the downside, the invalidation point lies near 69,600–69,700, below the latest higher low and consolidation structure. A breakdown beneath this area would weaken the bullish outlook and could lead to a retest of the lower demand zone around 68,800.
From a psychological perspective, the sharp rejection at support followed by a strong rebound resembles a typical shakeout. Weak hands were pushed out near the lows, while stronger participants accumulated. Combined with rising volume and improved structure, this often precedes continuation moves.
Risk management remains key. Even in a bullish structure, intraday volatility can create pullbacks. Avoid excessive leverage, respect the stop-loss, and consider locking in profits near resistance. Moving stops to breakeven after confirmation above 72,200 can help protect gains.
Trade Plan
Entry Zone: 70,400 – 70,600
Target 1: 71,500
Target 2: 72,260
Target 3: 74,200
Stop Loss: 69,600
This setup is built on demand zone defense, structural reversal, and momentum continuation. As long as higher lows are maintained and price holds above the entry base, the bullish bias stays valid. A confirmed move above 72,260 would significantly increase the probability of reaching the higher resistance zone.
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