🔥 Is $BTC

BTCUSDT

Perp

64,480.4

+1.62%

Gearing Up for a Strong Breakout Past $63.6K? 📈

The BTCUSDC perpetual chart shows Bitcoin successfully absorbing selling pressure and forming a solid local double-bottom structure around the $63,554 level. With the price showing an upward bias (+1.02%) and holding tightly, a move to clear overhead resistance is brewing.

Here is the strategic setup:

🔹 Entry Price: Around $63,602.4

🎯 Take Profit 1 (TP1): $63,690.0

🎯 Take Profit 2 (TP2): $63,780.0

🎯 Take Profit 3 (TP3): $63,880.0

🛑 Stop Loss (SL): $63,450.0

💡 Reason for Trade:

$BTC has printed a bullish local recovery structure right above its immediate intraday low. It is currently trading just below the MA60 line ($63,693.5). Reclaiming this MA60 level will serve as the primary trigger to fuel a momentum run toward the 24-hour high of $63,880. Volume indicators show a decrease in selling pressure, favoring a long continuation play.

#Crypto #Trading #Bitcoin #BTCUSDC