๐ BTC Setup: Is the Bottom In at $78,000?
Bitcoin is currently testing key support in the $78,000 region. After a brief consolidation period, the order flow and momentum indicators suggest that buyers are stepping in to defend this zone, setting up a potential breakout.
Here is how I am structuring this trade:
Entry Zone: $78,000 (Current Market Price)
Primary Target (TP): $83,000
Risk Management: Always protect your capital. A clean daily close below the recent local support invalidates this bullish thesis.
The market has absorbed the recent macroeconomic pressures well. If the buying volume sustains here, a push toward the $82,000โ$83,000 resistance block is highly probable.
Whatโs your take? Are you buying the dip or waiting for a cleaner confirmation? ๐
#BTC #Bitcoin #CryptoTrading #TechnicalAnalysis #BinanceSquare
