BTC/USDT 15m Analysis: Local Bottom Found? 🚀
Body:
Bitcoin is showing strong signs of a recovery after testing the $75,700 support level. Here is what the technicals are telling us on the 15-minute timeframe:
Bullish Crossover: We just saw a clear MA(7) and MA(25) crossover, signaling a shift in short-term momentum from bearish to bullish.
Support & Resistance: $75,719 acted as a solid local bottom. Currently, BTC is struggling near the $78,600 resistance. A clean break above this could open the doors toward the $80k-81k zone.
Order Book Insights: While the price action looks green, the order book shows heavy "Ask" pressure near current levels. Bulls need more volume to sustain this move.
My Take: I’m looking for a long entry if we hold above $78,350 with a target of $80,500. Keep your stop-loss tight at $77,400 to manage risk!
What do you think? Is this a fake-out or the start of a weekend pump? Let’s discuss in the comments! 👇
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