🚀 BTC Long Setup in Focus 🟢
Trading Plan:
Bias: Long
Entry: 87,500 - 89,000
SL: 84,500
TP1–TP3: 90,950 / 94,000 / 99,500
Technical Analysis:
The analysis on the daily timeframe indicates a potential bullish reversal setup. Price has established a strong support base after bouncing from the 80,800 level. Notably, there is a clear bullish divergence present on both the MACD and RSI indicators, where the price formed a lower low while the indicators printed higher lows, signaling a significant weakening of bearish momentum. The price is currently consolidating above the lower Bollinger Band, preparing for a potential move towards the middle band (approx. 89,640). A confirmed break and hold above this level would serve as the initial confirmation for upward continuation.
Invalidation:
Only a break below the recent swing low support at 84,500 would invalidate this bullish setup.
