$BTC – Strong V-shape recovery bouncing off support, bulls aiming for a breakout
Trading Plan Long $BTC
Entry: 61,200 – 61,750
SL: 59,800
TP: 62,800
TP: 64,000
TP: 65,500
Price sharply rebounded from the $57,758 support zone, forming a classic local V-shape recovery on the 4H chart. It successfully flipped the short-term MA(7) and MA(25) into active support lines. Currently, bulls are facing minor overhead resistance near the MA(99) around $61,777. The decreasing selling volume on minor pullbacks indicates controlled profit-taking rather than aggressive dumping, preparing the market for a potential continuation toward higher liquidity zones.
Trade $BTC here 👇
Current Expert Market Consensus & Sentiment
Cointelegraph & Institutional Analysts: Note that Bitcoin is transitioning back into a bullish structure after securing solid demand around the $58k psychological level. The clearing of over-leveraged shorts is creating room for an upward expansion.
CryptoQuant & On-chain Platforms: Highlight that exchange stablecoin inflows are increasing while BTC spot exchange reserves remain low, suggesting institutional accumulation is picking up momentum at these prices.
Technical Desks: Most market analysts agree that holding firmly above the 200-period and 50-period moving averages will pave the clear path back toward testing the $64,000 resistance block.
Trading Plan Long $BTC
Entry: 61,200 – 61,750
SL: 59,800
TP: 62,800
TP: 64,000
TP: 65,500
Price sharply rebounded from the $57,758 support zone, forming a classic local V-shape recovery on the 4H chart. It successfully flipped the short-term MA(7) and MA(25) into active support lines. Currently, bulls are facing minor overhead resistance near the MA(99) around $61,777. The decreasing selling volume on minor pullbacks indicates controlled profit-taking rather than aggressive dumping, preparing the market for a potential continuation toward higher liquidity zones.
Trade $BTC here 👇
Current Expert Market Consensus & Sentiment
Cointelegraph & Institutional Analysts: Note that Bitcoin is transitioning back into a bullish structure after securing solid demand around the $58k psychological level. The clearing of over-leveraged shorts is creating room for an upward expansion.
CryptoQuant & On-chain Platforms: Highlight that exchange stablecoin inflows are increasing while BTC spot exchange reserves remain low, suggesting institutional accumulation is picking up momentum at these prices.
Technical Desks: Most market analysts agree that holding firmly above the 200-period and 50-period moving averages will pave the clear path back toward testing the $64,000 resistance block.