Key Levels
Resistance
- R1: 60,350–60,450
- R2: 60,700–60,850
- Major: 61,350–61,400
Support
- S1: 59,700–59,800
- S2: 59,450–59,500
- Major: 58,900–59,000
Intraday LONG Setup (Higher Probability)
Entry 1 (Breakout)
Buy only after a 30-minute candle closes above 60,420.
Entry
60,420–60,500
Stop Loss
60,050
Targets
- T1 = 60,700
- T2 = 61,000
- T3 = 61,350
Risk Reward:
≈ 1:2.5 to 1:4
Entry 2 (Support Bounce)
If BTC dips:
Entry
59,700–59,800
Wait for:
- bullish engulfing
- hammer
- strong volume
Stop
59,450
Targets
- 60,150
- 60,450
- 60,700
Intraday SHORT Setup (Higher Probability Right Now)
This is currently the cleaner trade.
Entry 1 (Resistance Rejection)
Sell if price reaches
60,350–60,450
and prints rejection.
Stop
60,700
Targets
- T1 = 60,000
- T2 = 59,700
- T3 = 59,450
RR
≈ 1:2 to 1:3
Entry 2 (Breakdown)
If a 30-minute candle closes below
59,700
Sell
Entry
59,650–59,700
Stop
59,950
Targets
- 59,450
- 59,150
- 58,900
This is my favorite setup if support breaks.
BTST Swing Plan
Bullish Swing
Only above
60,450 close
Targets
- 60,900
- 61,400
- 62,000
SL
59,950
Bearish Swing
Below
59,700 close
Targets
- 59,150
- 58,700
- 58,200
SL
60,050
Trade Management
- Risk only 0.5–1% of your capital per trade.
- Book 50% of the position at T1.
- Move SL to breakeven after T1.
- Let the remaining position trail using the previous 30-minute candle low (for longs) or high (for shorts).
My Current Read
If I were trading this chart professionally without any additional information, my bias would be:
- 55% bearish
- 45% bullish
Reason:
- Lower highs are forming.
- Price is below the recent swing high.
- Momentum has weakened after the recovery.
- Buyers have not yet reclaimed 60.4k, which is the key confirmation level.
My preferred setups:
- Short: 60,350–60,450 rejection.
- Short: Breakdown below 59,700.
- Long: Only after a confirmed close above 60,420.
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