Bitcoin is currently trading around 68K after bouncing strongly from the 65.6K support zone.
On the 4H timeframe, momentum is starting to shift:
• RSI is recovering above 50
• MACD is approaching a bullish crossover
• Price is pushing toward a key resistance area near $69K
This level will likely determine the next move tonight.
-----------
Bullish Scenario: If BTC breaks and holds above 69,200, we could see a short-term squeeze toward the next liquidity zone.
Long Setup
Entry: 69,200 – 69,500
TP1: 70,500
TP2: 71,200
SL: 68,300
-----------
Bearish Scenario: If BTC fails to break the resistance and gets rejected, a pullback toward lower support is possible.
Short Setup
Entry: 68,800 – 69,200
TP1: 67,200
TP2: 66,500
SL: 70,000
-----------
Key Levels to Watch
Resistance: 69K | Support: 66.5K
Traders should watch how price reacts around this resistance before entering.
