BTCUSDT Bullish Recovery Setup – Watching for Confirmation

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BTCUSDT Bullish Recovery Setup – Watching for ConfirmationBitcoin FuturesCME_DL:BTC1!BitsounisProjectBitcoin has experienced a sharp sell-off over the past few weeks, but recent price action suggests that buyers are beginning to step back into the market. After finding support around the recent lows, BTC is now consolidating inside a key demand area, offering an interesting opportunity for a potential bullish continuation. My preferred scenario is to see a small pullback into the current support zone, followed by a bullish reaction that could initiate the next leg higher. As long as the market respects this area, I believe buyers have the potential to push price toward the 70,000 region and possibly challenge the EMA 50 around 71,900. The current setup provides an attractive risk-to-reward profile, with a well-defined invalidation level below support. However, patience remains key, as confirmation is needed before expecting a larger recovery. Entry Zone: 64,300 – 65,500 Stop Loss: 60,565 First Resistance: 70,000 EMA 50 Resistance: 71,900 Bias: Bullish while support holds