BTC Pullback Play: Chasing Bullish Momentum for a Swing Trade!

Charting the Bull Run

Hey KoraFX fam! Victoria here, diving into BTC/USD for a potential swing trade. This market has been on a tear, up over 3.8% in the last 24 hours, hitting a high of 71907.96 today. The overall trend is definitely bullish, which is awesome to see. I'm looking for a nice setup to jump in on this momentum. My entry point for a long is 69821. This might feel a bit below current price (70498), but I'm keeping an eye out for a small dip to one of our key support levels, maybe around 70450 or 70400, before a bounce. That's a classic setup right here for catching an upward move after a slight pullback.

My Swing Trade Plan

So, here's the game plan: I'm going long on BTC/USD with a swing timeframe. My entry is set at 69821. I'm pretty conservative with risk, so my stop loss is fairly wide at 66437, giving the trade room to breathe in case of volatility. For the take profit, I'm aiming for 74897. If we can break past the current resistance levels around 70550 and 70600, and especially get above the day's high of 71907.96, I think we could see a significant push higher. Given the general bullish sentiment around crypto lately – you know, all the talk about ETFs and upcoming events – I'm feeling good about this one for a longer hold.
What do you all think? Am I seeing this right, or are there any major red flags I'm missing? Still learning, so all opinions are welcome!