BTC/USDT Long Setup - Strong Recovery from Support Zone
2024-10-07

Bitcoin is showing promising bullish signals after a solid bounce from the support region. The recent price action forms a clear recovery pattern with increasing buying pressure.

 Key Technical Points:
 
 
 Strong bounce from support around $60,000
 Formation of bullish candles with good volume
 Current price: $65,804
 Key support level: $63,500
 First target: $66,450
 Second target: $67,340 (premium zone)
 
 

The recent consolidation above the $63,500 support level suggests accumulation, with momentum building for potential upside continuation. Market structure remains bullish as long as price holds above the recent support zone.

 
 Stop loss below $62,375
 Risk:Reward ratio approximately 1:3
 
 

Remember to always use proper position sizing!📈

Like & follow for more trade setups! 🎯
#Bitcoin #BTCUSDT #CryptoTrading
