BULLISH

BTC BULLISH · 4h

ENTRY64,250~64,600TARGET65,596STOP63,950
BTC chart

In 3 lines

  • Bitcoin has bounced off its 62,235 low and now sits near 64,748, resting in the middle of the broad 62,000-67,000 range it has held for weeks.
  • Selling dried up by 76% on the retest of that low, and the bullish 4-hour moving-average stack overlaps the pullback-buy zone at 64,250-64,600.
  • If the recent low at 64,128 gives way on a closing basis the bounce case is broken, so the stop sits just beneath it at 63,950 to admit the error fast.

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