Good evening, traders 👋
As mentioned earlier, BTC reached our long entry zone almost perfectly.
At the moment, I’m considering a long position from the current area, with invalidation around $60K. My base case is that Bitcoin can start recovering from here, as long as buyers continue to defend the key support zone.
The recent sell-off was largely driven by fear and geopolitical headlines surrounding Iran and the U.S. As usual, the market reacted emotionally, and now many traders are waiting for $58K.😢
That level is possible, but in my view, the bearish scenario becomes much more relevant only if BTC breaks below $61K and holds there.
My current scenarios:
📈 Bullish scenario:
BTC holds the $61K–$63K support zone and begins a recovery. The first important upside targets are $66K–$68K, followed by the $70K+ area.
📉 Bearish scenario:
BTC loses $61K and confirms below it. In that case, price may move toward $58K–$56K, where I would expect the market to look for fresh liquidity.
Personally, I’m currently leaning more toward the bullish scenario. A lot of traders are already positioned for further downside, and crowded shorts can easily become fuel for a sharp move higher.
🐧 That said, there is no reason to rush or use excessive leverage. The market remains volatile, so proper risk management is essential.
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