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Bitcoin rebounded from around 57,700 to around 63,500 this week, with the weekly chart forming a clear recovery green candle.
The recovery logic we've been tracking has now played out. 57,700 is currently viewed as a local low. This week, we continue to treat Bitcoin with a bullish bias.
The best entry zone for Bitcoin long positions is 62,900-62,500, with a stop loss at 62,000 and target at 64,900.
If it breaks below 62,000, this wave of weekly recovery will be considered slowing down first,
and we'll look at the 60,900 area again in the short term.
Ethereum is clearly stronger than Bitcoin this week, recovering from around 1,549 to around 1,800. The weekly strength is cleaner than Bitcoin.
Intraday focus on the 1,765-1,750 range, with a stop loss at 1,740.
If this range holds and it firmly breaks above 1,808 with volume, then look at 1,850.
I handle the planning, you handle the execution. Give a like if it works out, cut losses in time if it doesn't. Opportunities come every day, but capital is only once.