🔥
$BTC bounced back to $61,792! Is this a short rebound or a trap?
The latest daily candlestick (1D) chart shows a recovery from the brutal wick bottom at $59,130, currently hovering around $61,792. The dust is settling, and for the thrill-seekers, it's time to lay out a quick plan:
🟢 LONG Side: Catching the bounce, aiming for a short rebound to test resistance around $63,500 - $64,000 (but if we break below the previous low of $59,130, you need to bail out immediately!)
🔴 SHORT Side: The larger trend is still losing shape. If we can hold above $62,000, it could be a no-go, or if we hit resistance and face selling pressure, then we should short back down to the original target of $59,130. If we break this level, we could see a deep dive.
What side are you leaning towards right now? Long or Short? Drop a comment to check in! 👇
(Disclaimer: This is the sharing of a personal trading plan, not a formal investment recommendation)
$BTC #furures #BTC #bitcoin $BTC