$BTC
Dear Binancians this
is showing 🩷strong rebound
Bitcoin’s recent price action shows a strong rebound from the lower support zone, with buyers defending the previous swing low and pushing the structure back into an upward continuation pattern. The series of higher lows on the 4H timeframe suggests momentum is shifting back in favor of the bulls. A clean break and hold above the recent resistance zone signals strengthening buyer interest and potential continuation toward higher targets.
LONG ENTRY SETUP
• Entry: On a confirmed breakout and retest of the immediate resistance zone
• TP1: Next major resistance area
• TP2: Upper breakout extension zone
• TP3: High-timeframe fib extension region
• SL: Below the recent swing low support
RISK MANAGEMENT
Use strict position sizing, maintain a fixed R:R ratio, and avoid overleveraging to protect capital.
#TechnicalAnalysis #BTC #CryptoTrading #PriceActio n #TrendAnalysis
