BTCUSDT Long Setup
Entry, 91,800 to 92,600
Stop Loss, 90,800
Take Profit 1, 93,800
Take Profit 2, 95,200 to 96,000
On the daily chart BTC has just reclaimed the 7 day and 25 day moving averages after defending the higher low at 80,600 This zone around 92k is now acting as short term support and price is consolidating above it instead of rejecting hard That tells me buyers are quietly absorbing sell pressure rather than chasing breakouts
The liquidation heatmap shows a thick band of leveraged short liquidity sitting above price around 93,800 to 95,000 while the nearest major long liquidations are lower at 91,000 and 89,600 As long as BTC holds above the 91k area I personally prefer to side with the idea that market makers will push price upward to clean those short positions first before any deeper correction
If daily price closes back below 91k and loses the 25 day MA this long idea is invalid for me and I would step aside This is a trading view not financial advice manage leverage and risk carefully$BTC
