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#BTCUSDT Technical Analysis: Strong Recovery & High-Test Retest Zone! 📊
Bitcoin () is trading at $79,245.90 (+1.02%) on the 15-Minute chart on Bybit, establishing a clean higher-low recovery pattern after bouncing aggressively off the $77,579.40 local bottom.
Key Technical Levels:
📍 Entry Zone: $78,900.00 – $79,200.00
🎯 Take-Profit Targets:
• : $79,376.60 (24h Local High Retest)
• : $79,800.00
• : $80,350.00
📉 Stop Loss & Invalidation: $78,400.00 (Strict SL below key 15M higher-low support at $78,478.00).
Technical Indicators & Market Structure:
🔹 Price Action: Following a sharp liquidity sweep down to $77,579.40, buyers pushed price back up in a strong bullish sequence, breaking local resistance at $78,927.30 and forming a higher-low consolidation directly under $79,376.60.
🔹 Momentum Oscillators: RSI(6) is maintaining healthy bullish strength around 65.56, supported by RSI(12) at 63.80, indicating sustainable buying pressure without immediate overbought exhaustion.
💡 Trading Strategy:
• Long Setup: Look for entries on minor dips toward $79,000 targeting a breakout above $79,376.60 toward $79,800 and $80,350+.
• Invalidation: A 15M close below $78,400 invalidates the short-term bullish momentum setup.
Always practice strict Risk Management & Capital Discipline! 🛡
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#CryptoTrading #Bybit
#TechnicalAnalysis $BTC