BTC Pullback Play: Looking Long on a Dip – This looks juicy!

BTC/USDLongIntraday4h ago2 views

Trade Setup

Entry Price

80294.00

Stop Loss

77708.00

Take Profit

85466.00

Risk : Reward

1 : 2.00

RiskReward

Hey everyone, William here from Seattle! Bitcoin has been cooling off a bit, currently sitting around 80811 after a nearly 1.5% drop in the last 24 hours. The overall trend is definitely looking bearish right now, with the day range bouncing between 79194.78 and 82427.22. But you know me, I trade what the chart shows, not just the trend. I'm seeing a potential intraday play shaping up here.

Technical Read: Dip Before the Rip?


Even with the bearish pressure, I'm eyeing a long setup. My technical analysis suggests we might see a quick dip to grab some liquidity before a rebound. We've got pretty strong support around 80750 and 80700, and I'm looking to enter at 80294. This entry is just below those immediate supports, giving us a good spot to catch a potential bounce if the selling pressure

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