🚀 Bitcoin (BTC) Trade Setup – Key Levels to Watch! 📊
Bitcoin is showing some interesting price action, and here’s what traders should keep an eye on:
📌 Key Levels:
- Support:
- $60,000 (Major psychological & previous swing low)
- $USDC 58,500 - $57,000 (Strong demand zone)
- Resistance:
- $63,500 - $64,000 (Recent rejection zone)
- $65,500 - $66,000 (Breakout confirmation level)
🔍 Scenario Analysis:
✅ Bullish Case:
- If BTC holds above $60,000 and breaks $64,000, we could see a retest of $66,000+.
- A daily close above $66,000 may signal a continuation toward $70,000.
❌ Bearish Case:
- A drop below $60,000 could lead to a deeper correction toward $58,500 - $57,000.
- If $57,000 fails, next major support is near $53,000.
💡 Trading Strategy:
- Longs: Consider entries near $60,000 or on a breakout above $64,000 with stops below key support.
- Shorts: Only if BTC loses $60,000 and shows weakness toward $58,500.
📉 Market Sentiment:
- Fear & Greed Index: Neutral/Greed
- ETF flows & macro factors (Fed rates) remain crucial for BTC’s next big move.
Stay sharp, manage risk, and trade wisely! 🔥
📢 What’s your take? Bullish or Bearish on BTC? Drop your thoughts below! 👇
