BTC testing $72.5k resistance – my setup for today
Bitcoin is hovering around $72,000 this morning, with the 4H chart showing a clear compression between $70,800 and $72,500. Volume was below average yesterday, suggesting the market is waiting for a catalyst.
My plan for today:
Entry if BTC breaks $72,500 with a 4H candle close above
Stop loss: $71,200
Target 1: $74,500
Target 2: $76,000
If $70,800 is lost, the short-term picture turns neutral.
I’m not seeing aggressive buying yet, but the compression pattern is forming. Those who trade the details know these setups reward patience.
Are you long or waiting for the breakout?
BTC
69,917.61
-1.68%
ETH
2,116.43
-2.40%