Based on the chart, BTC is in a short-term rebound after a sharp selloff, so the intraday bias is bullish only if price holds above 66,850–67,000. If that zone fails, the move can still extend lower toward the 66,200 and 65,500 area.
Intraday trade idea
Buy setup
- Entry: 66,900–67,050 on a pullback or clean hold above the current breakout zone.
- Stop-loss: Below 66,450.
- Targets: 67,900 first, then 68,400 if momentum continues.
Sell setup
- Entry: If BTC loses 66,450 with a strong candle close.
- Stop-loss: Above 66,900.
- Targets: 66,000 first, then 65,500.
What I see on the chart
- Price has made a clear downside trend, then formed a base inside the highlighted box.
- The latest move is trying to break upward from that base, which makes this a reaction trade, not a strong trend reversal yet.
- The area around 67,000 is the key decision level for the next intraday direction.
Practical plan
- If you are already long, keep partial profits near 67,900 and trail the rest.
- If price gets rejected near 67,200–67,300, the move may fade back into the range.
- Avoid chasing the candle near resistance; wait for either a pullback entry or a confirmed breakout close.
If you want, I can turn this into a scalping plan with exact entry, SL, and 2 targets for long and short.
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