Bullish Reversal Setup Support Hold Targeting $66.9K ResistanceBitcoin / USDBINANCE:BTCUSDKingProTraderMarket Structure 1. Downtrend Followed by Base Formation Price declined from the $66,000–$66,500 region. A sharp sell-off pushed BTC toward $62,200–$62,500. Since then, price has formed a series of higher lows, indicating buyers are gradually regaining control. 2. Support Zone Support Area: ~$63,100 – $63,350 The highlighted red zone has acted as demand. Multiple candles are holding above this area. As long as BTC remains above this support, the bullish recovery scenario remains valid. 3. Resistance Levels Immediate Resistance: ~$65,830 Major Resistance: ~$66,070 – $66,900 The black horizontal levels represent previous reaction highs. The green zone marks a strong supply/resistance area where sellers previously entered the market. Projected Bullish Scenario The chart's forecast suggests: A minor pullback into the support area. Strong buying reaction from support. Breakout above $65,830–$66,070. Rally toward the resistance zone. Final target near $66,900–$67,000. Bullish Confirmation A 1H candle close above $66,070 would: Break recent lower-high structure. Confirm bullish momentum. Increase probability of reaching $66,900+. Risk Scenario The bullish setup becomes weaker if: Price closes below the support zone ($63,100 area). Buyers fail to defend the highlighted demand region. Potential downside targets in that case: $62,800 $62,400 $62,000 Trade Idea (Based on Chart Structure) Bias: Bullish Entry Zone: $63,100–$63,500 (support retest) Stop Loss: Below $62,900 Target 1: $65,830 Target 2: $66,070 Target 3: $66,900 Risk/Reward: Approximately 1:3 to 1:4 if support holds.