BTC Retest Setup: Bulls Defend $74,600, Eyes on $75,526
BTC printed CHoCH then pulled back to IDM zone at $74,592 - $74,748. Demand holding for now.
*Levels:*
Resistance: $75,526 recent high. Break above = $75,800+ continuation.
Support: $74,592 - $74,600 IDM + order block. Must hold for bullish case.
Invalidate: 15m close below $74,264 flips bearish to $73,600.
*Trade:*
Long $74,600 - $74,750 → Stop $74,240 → Target $75,200 then $75,526. RR ∼2.5.
CHoCH confirmed. IDM retest is textbook long entry if it holds.
*Why It Matters:*
Structure shifted bullish after CHoCH. Now retesting inducement before expansion. $75,526 is liquidity above highs.
Holding IDM. $75,526 magnet active if $74,600 defends.
Longing the retest or waiting for $75,526 break?
NFA. Manage risk.
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