Bitcoin Counter-Trend Support Bounce (Short-Term Long Setup)BitcoinCRYPTO:BTCUSDCHART_MASTERS_GOLDEntry: ~70,800 Stop Loss: ~70,370 Target: ~71,200 👍 Strengths ✔️ Entry from a well-defined support zone ✔️ Multiple rejections (wicks) → buyers defending ✔️ Decent risk/reward (~1:1.5) ✔️ Potential move toward channel mid/high ⚠️ Risks ❗ Overall structure is still bearish (lower highs) ❗ Price is trading inside a descending channel ❗ Target sits below major resistance (~71,500–71,800) ❗ Weak bullish momentum so far (choppy candles) 🧠 Scenarios to Watch 🟢 Bullish Case Support holds (70,300–70,700) Break above 71,000 Momentum push → target hit (71,200+) 🔴 Bearish Case Break below support zone Continuation of channel → move toward 69,800–70,000 Your SL likely gets taken 🧩 Insight (Important) This is a: ⚠️ Scalp / short-term counter-trend trade Not ideal for holding long — you’re trading a bounce, not a reversal. 🏁 Verdict ✔️ Setup is technically valid ⚖️ But lower probability due to bearish context ⭐ Works best with quick profit-taking & tight management