BTC/USD: Long after Retracement, Riding Bullish Momentum

BTC/USDLongSwing8h ago2 views

Trade Setup

Entry Price

68266.00

Stop Loss

64957.00

Take Profit

73229.00

Risk : Reward

1 : 1.50

RiskReward

Market Snapshot & Technicals


BTC/USD shows clear bullish momentum, up over 3.2% in 24 hours, currently at 68928. While the overall trend is bullish, we are seeing immediate resistance around the 69000-69050 zone. The day's range has been tight, with a high of 70306.56. Levels are clear; a pullback is healthy.

My Setup: Taking This Trade


I'm looking for a swing long entry on BTC/USD. This isn't about chasing the current price, but waiting for a clean setup. My entry is set at 68266, anticipating a retest of prior support. Stop loss is placed conservatively at 64957, well below the day's low of 67549.44. My take profit target is 73229. We're trading what the chart shows, not hoping.

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