72000 Pullback After Rally - Key Points for BTC Long/Short Setup



BTC rallied from 68923 to 72026 and entered consolidation at higher levels. Bollinger Bands are tightening, approaching a directional breakout. Avoid chasing blindly at the midpoint of the range.

Short Strategy

• Entry: 71300-71500 (previous high resistance zone + Bollinger upper band)

• Stop Loss: 72200 (above previous high)

• Targets: First watch 70000 level, if broken accelerate down to 68600

Long Strategy

• Entry: 68900-69400 (previous low support + Bollinger lower band)

• Stop Loss: 68700 (below previous low)

• Targets: First watch 71500, if breakthrough and holds watch 73600

Always use strict stop losses on all positions and trade with the trend after directional confirmation.
BTC-1.63%
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