Bitcoin has staged a strong recovery from its $62,000 low, clearing the $81,000–$82,000 resistance zone and reaffirming the value of buying pullbacks rather than panicking.
Key Technical Zones:
Crucial Support ($74,000–$78,000): Holding above this level is essential to keep the broader bullish market structure intact.
Major Resistance ($90,000–$94,000): The next major test for BTC. A clean break and hold above this zone opens the door to significant upside potential.
While many traders anticipated a further breakdown at $62,000, BTC reversed course. Top altcoins like Ethereum ($ETH ) and Sui ($SUI ) are currently following Bitcoin's trajectory.
Monero ($XMR ) is showing clear signs of momentum exhaustion. With price action struggling at resistance and downside structure opening up, the risk-reward favors a continuation leg lower.
Trade Type: Swing Short
Entry Zone: $552 – $568
Stop Loss (SL): $610 (Invalidation point above key local resistance)
Take Profit Targets:
TP1: $545 (First liquidity sweep / partial position profit)
🔥 $TRX Short Setup: Playing the Resistance Reject 🔥
Price is slamming directly into key overhead resistance while stacking thick downside liquidity below. Looking for a clean rejection off the supply zone to fuel a breakdown toward the targets.