BITCOIN Current Market StructureBitcoin is currently testing a major support zone around $65,000. I'm watching for a liquidity sweep and bullish reaction before considering swing-long positions. If buyers step in, BTC could target $75k, $80k, and potentially $90k in the coming weeks. However, a break below $60k would invalidate this bullish setup. As always, manage risk and wait for confirmation before entering."
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Current Market Structure
✅ Bitcoin has fallen into a major support zone around $65,000–67,000.
✅ The chart suggests a possible liquidity sweep ("stop hunt") below support before a reversal.
✅ Your Elliott Wave projection shows:
Wave (2) completion near support
Wave (3), (4), and (5) targeting higher prices afterward
Key Levels to Watch
🔹 Support Zone: $65,000 – $67,000
🔹 Invalidation Level: Below $60,000
🔹 Upside Targets:
Target 1: $75,000
Target 2: $80,000
Target 3: $90,000+
Swing Trade Plan
📌 Wait for:
Price to sweep liquidity near $65k.
Strong bullish daily candle.
Volume increase on the bounce.
📌 Entry Area:
$65,000 – $67,000
📌 Stop Loss:
Below $60,000
📌 Take Profit:
TP1: $75,000
TP2: $80,000
TP3: $90,000+
Risk Management
⚠️ Never risk more than 1–2% of your trading capital on a single trade.
⚠️ If BTC closes multiple daily candles below $65k, bullish momentum weakens and the setup may fail.
Long