BTCUSDT – Bullish Reversal Setup at Key Support
-
Bitcoin has made a sharp impulsive drop into a key higher-timeframe support zone (highlighted in yellow). This area has previously acted as strong demand, producing a significant bounce on Nov 27.
Price has now tapped back into this zone with a long lower wick, showing early signs of buyer absorption. If the support continues to hold, this area offers a potential long (buy) entry, as marked on the chart.
Key Points
Support Zone: 86,800 – 87,400
Entry Area: After confirmation within support (marked “ENTER”)
Market Reaction: Strong sell-off into support followed by initial rejection (blue circle)
Bias: Bullish as long as support holds
Target
Upside continuation toward 90,500 – 92,000 (target zone on chart)
️ Invalidation
A clean break and candle close below the support zone would invalidate the long setup. -
BTC defending key support is forming a clean bullish reversal pattern.
-
Buyers stepping in strongly—momentum shift looks promising.