#btc
#StrategyBTCPurchase BTC/USDT – 1D Chart Analysis (Spot Swing Trade Setup) 📊
🔍 Technical Analysis:
Market is in a strong downtrend (Lower Highs + Lower Lows).
Price is currently around $66,693 after a sharp dump from $95K → $59,800.
Price is trading below 50 MA & 200 MA → Bearish momentum still active.
However, price is now near a demand/support zone ($65K – $60K) → Possible short-term bounce expected for swing trade.
✅ Spot Swing Trade (BUY Setup)
📍 Entry Point (Buy):
Best Entry Zone: $65,000 – $66,500
If price dips more:
👉 Second Entry: $62,000 – $63,000
📉 Stop-Loss (SL):
Place Stop Loss at: $59,000
(Below recent strong support $59,800)
🎯 Take Profit Targets (TP):
TargetPrice✅ TP1$72,000✅ TP2$78,000✅ TP3$85,000
📊 Risk to Reward:
Risk: ~7%
Reward Potential: 15% – 30% (Good swing setup)
❌ Invalidation:
If Daily candle closes below $59K, market may drop to:
$55K → $50K
📌 Trade Plan:
Buy near $65K
SL: $59K
TP: $72K → $78K → $85K