Where’s the real bottom? $BTC found it. Now watch the retest.🤨
Sold off 1.2k in an hour. Already showing signs of reversal into the 72k zone.
Entry Zone: 63,084 — 63,100TP1: 72,544TP2: 73,500TP3: 76,000SL: 61,381
Technical Analysis:
Bitcoin’s found the retest zone on the orange support level after the massive sell-off from 63,600. Current price action is consolidating right at entry, with volume drying up into the lows classic sign of flush capitulation. The risk/reward is solid (1:2.7x minimum to TP1), and a clean close above 63,084 with volume should confirm the reversal intent off the 61k base.
The pullback structure into the orange levels created the ideal retest condition: lower low (61,381) followed by a higher low (current zone). RSI and momentum are oversold, setting up for mean reversion into the 72k+ zone. Watch for a break of the 63,500 resistance to validate this as the actual bottom; failure to hold 63k risks another leg down to 60,500.
Click here 👇 to Trade $BTC
