$BTC Entry Point:
| Entry | $72,330
| DCA | $71,200
> Place 40% at Entry and 60% at DCA.
Stop Loss:
| Close on 1H below | $70,400
Target:
| Final Target | $80,000
Reasoning
The setup ishigh risk, with a 55-45 probability.
1. We’re looking to catch an entry during further volatility at the 127% level.
2. The rejection around $75K was based on the same $67K fractal.
3. If this setup fails, then price may bounce around $69.5K again.
- However, if successful, we could see another leg towards $80K at the 270% level in line with the fractal’s upper targets.
> *Monitor closely; this setup is high risk, you can also wait for a better entry around $69.5K.