$BTC DOUBLE BOTTOM V-REVERSAL CONFIRMED ABOVE $60K 🔥
Entry: 59,800 - 60,250 🔥
Target: 60,550 / 61,400 / 62,300 🚀
Stop Loss: 58,800 ⚠️
Price action just painted a clean double-bottom support at $58,850 with aggressive buying tails rejecting the sell-off. BTC has already reclaimed the $60,000 psychological level and is now pressing against the daily Supertrend resistance line. Volume on the hourly chart has spiked well above the 20-period average during the recovery, signaling real institutional absorption rather than retail noise.
The structure suggests a liquidity run above $60,550 is likely before any real rejection. Are you positioning in the entry zone or waiting for a retest of $59,800?
Not financial advice. Always manage your risk.
#BTC #DoubleBottom #RecoverySetup #CryptoAnalysis
🔥
Entry: 59,800 - 60,250 🔥
Target: 60,550 / 61,400 / 62,300 🚀
Stop Loss: 58,800 ⚠️
Price action just painted a clean double-bottom support at $58,850 with aggressive buying tails rejecting the sell-off. BTC has already reclaimed the $60,000 psychological level and is now pressing against the daily Supertrend resistance line. Volume on the hourly chart has spiked well above the 20-period average during the recovery, signaling real institutional absorption rather than retail noise.
The structure suggests a liquidity run above $60,550 is likely before any real rejection. Are you positioning in the entry zone or waiting for a retest of $59,800?
Not financial advice. Always manage your risk.
#BTC #DoubleBottom #RecoverySetup #CryptoAnalysis
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