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Taking this $BTC set up from Lock In:
$BTC Long @ 61 417 (TP1 62 725, TP2 64 000 / SL 60 100)
Analysis 👇
1. 4h: Bullish momentum, no question
2. MACD bullish. ADX at 29 - that's a real trend (confluence)
3. A clean break above $62,180 (24h high) and this leg has room.
4. 1D: Mixed.
The daily structure is still recovering from the drawdown. Price reclaimed the SMAs, which is constructive, but we're not in breakout territory yet.
5. The 25% drawdown from peak is still the dominant daily narrative.
6. 1W: Bearish. Weekly trend is still pointing down.
Axel: "I'd want to see $62k clear and hold before the daily and weekly line up"
$BTC bounced perfectly from the $63.270 support zone and printed a strong +$1,000 move within an hour. Price is now trading above both the 50 EMA and 200 EMA, confirming short term bullish momentum.
With a large Short Max Pain cluster sitting at $64.892 ($83M in shorts), there’s a strong chance price gets pulled higher toward $65K.
As long as $64.100 holds as support, bulls remain in control for today