BTC/USD: Looking for a Swing Long Setup Despite the Bearish Pull

BTC/USDLongSwing4h ago3 views

Trade Setup

Entry Price

68093.00

Stop Loss

64793.00

Take Profit

73043.00

Risk : Reward

1 : 1.50

RiskReward

Hey KoraFX fam! Emily here, hope you're all having a productive week. BTC has been a bit choppy, with the current price sitting around 68753, and we're down about -0.77% in the last 24 hours. The overall trend's looking a bit bearish right now, but I'm seeing a potential swing long setup brewing if we get the right retest.

Technical Read: Waiting for the Dip


Even though we're seeing some bearish vibes and hitting resistance around 68800-68850 after bouncing off the 68700 support, I'm actually eyeing a long entry a bit lower. My game plan is to wait for a dip into the 68093 zone. This area sits nicely above the day's low of 67377.94, which is a pretty strong support zone. If we get that retest and hold, that's a textbook bounce play for me. My Stop Loss would be a conservative 64793, just below some key structural support, protecting that capital.

Market Context & Targets


The crypto market always has its moments, and despite the recent jitters, institutional interest and underlying adoption often create strong demand at key levels. This isn't about fighting the current bearish move, but catching the potential rebound after a healthy correction. For the Take Profit, I'm targeting 73043. This puts us well above the current day range high of 70128.06, and if we get some momentum

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