Bitcoin (BTC) – Quick Market Update & Long Setup
Bitcoin is currently trading around $87,600 after a strong liquidity sweep on the $116,000 level. That upside liquidity grab has completed, and the market is now pulling back into a deeper demand zone.
Key Levels
Support: ~$84,700 (major demand + reaction zone)
Resistance: $101,000 – $106,000
Liquidity Taken: $116,000 (upper sweep completed)
Market Context
The higher-timeframe trend is still mixed/bearish, with most major MAs pointing down. However, BTC is entering an oversold region (RSI/CCI) and reacting from support while liquidity above is already taken — giving room for a relief move.
Long Setup Idea
Entry: Building first futures longs around current levels
Invalidation: Below ~$84,700
Target 1: ~$101,000
Target 2: ~$105,000–$110,000 if momentum continues
Bias: Relief-rally potential after the liquidity sweep
No financial advice. Just my market view.
Bitcoin is currently trading around $87,600 after a strong liquidity sweep on the $116,000 level. That upside liquidity grab has completed, and the market is now pulling back into a deeper demand zone.
Key Levels
Support: ~$84,700 (major demand + reaction zone)
Resistance: $101,000 – $106,000
Liquidity Taken: $116,000 (upper sweep completed)
Market Context
The higher-timeframe trend is still mixed/bearish, with most major MAs pointing down. However, BTC is entering an oversold region (RSI/CCI) and reacting from support while liquidity above is already taken — giving room for a relief move.
Long Setup Idea
Entry: Building first futures longs around current levels
Invalidation: Below ~$84,700
Target 1: ~$101,000
Target 2: ~$105,000–$110,000 if momentum continues
Bias: Relief-rally potential after the liquidity sweep
No financial advice. Just my market view.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.