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🚀 $BTC Forming Strong Bullish Setup – Watch This Candle Closely
Bitcoin ($BTC) is printing a bullish hammer candle on the daily timeframe — a strong signal when found near key support. This candle formed just above the $60K zone, which has held as critical structure since early May.
📊 Strategy Breakdown:
Candle Signal: Bullish Hammer
Support Zone: $59.8K – $60.5K
Entry Trigger: Break and close above $62.8K with rising volume
Target Levels: $64.5K (short-term), $67K (mid-term)
Stop-Loss: Below $59.5K
🧠 Why It Matters:
The hammer pattern suggests aggressive buying pressure after a failed breakdown. With ETF inflows returning and funding rates stabilizing, $BTC could be gearing up for another leg up.
Traders should watch for volume confirmation — if the next candle breaks above the hammer high, it could mark the start of a new bullish swing.
#BTC #CryptoTrading #CandlestickStrategy #BinanceSquare #TechnicalAnalysis
Bitcoin ($BTC) is printing a bullish hammer candle on the daily timeframe — a strong signal when found near key support. This candle formed just above the $60K zone, which has held as critical structure since early May.
📊 Strategy Breakdown:
Candle Signal: Bullish Hammer
Support Zone: $59.8K – $60.5K
Entry Trigger: Break and close above $62.8K with rising volume
Target Levels: $64.5K (short-term), $67K (mid-term)
Stop-Loss: Below $59.5K
🧠 Why It Matters:
The hammer pattern suggests aggressive buying pressure after a failed breakdown. With ETF inflows returning and funding rates stabilizing, $BTC could be gearing up for another leg up.
Traders should watch for volume confirmation — if the next candle breaks above the hammer high, it could mark the start of a new bullish swing.
#BTC #CryptoTrading #CandlestickStrategy #BinanceSquare #TechnicalAnalysis
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