I’m watching $BTC on the 15m chart after a sharp sell-off and base formation. Price swept liquidity below the range and is now holding above intraday support. This looks like a classic relief bounce setup if buyers defend the current zone.
Trade Plan
Entry Zone: 87,000 – 87,200
Targets:
• Target 1: 87,850
• Target 2: 88,400
• Target 3: 88,950
Stop Loss: 86,600
Why this works
I’m taking this because price formed a strong rejection from the lows near 86.7k and is building higher lows on lower timeframes. Selling pressure is weakening and this area previously acted as demand. Risk is clearly defined and reward is clean toward the prior range highs.
