$BTC – LONG Setup
Entry: 86,500 – 86,800 (On a confirmed bounce from the major support zone)
Target 1:88,500
Target 2:90,000
Stop Loss:86,000 (Below the key intraday support)
My View:
BTC is undergoing a healthy correction within a strong uptrend,pulling back to a critical support confluence. The price is testing the $86,500 area, which aligns with previous resistance-turned-support and a rising trendline. The order book shows enormous bid liquidity stacked just below the current price, indicating strong institutional buying interest at these levels. This dip is on relatively low volume, suggesting a lack of aggressive selling. The overall macro structure remains bullish. I am looking for a bounce off this $86,500–$86,800 demand zone to offer a high-probability long entry, targeting a resumption of the uptrend towards new highs.
Bias: Bullish above $86,500. A breakdown below $86,000 would break the immediate structure and signal a deeper correction.
Disclaimer:My plan. Not advice. Trade your own risk.
