Bitcoin’s rebound has given the bulls something to work with again, but traders are still treating the move as a level-by-level test rather than a clean return to euphoria.
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TL;DR
- TradingView analyst kiv1n has set a long setup for BTCUSDT using liquidation levels, with an improving target near $67,450.
- Bitcoin’s recovery to $63,500 after a higher decline near $62,400 makes it difficult to stay aggressively bearish, Martini Jay said.
- The key level in the bullish case is whether BTC can hold the reclaimed space of $63,500.
- Failure to wait will quickly undo the long setup, especially after the recent volatility caused by liquidation.
The filter map indicates a higher target
TradingView idea from analyst kiv1n framed BitcoinThe current setup for is done through filter mapping rather than a simple support and resistance plan. The original setup used an entry amount of $63,700, a take profit of $66,900, and a stop loss of $62,400. After adjusting the plan around it Liquidity groups, the analyst moved the entry level to $63,450, raised the exit level to $67,450, and tightened the stop order to $62,800.
The reason for the amendment was liquidity. The original stop was awkwardly located between liquidation zones, while the revised stop is below a local cluster of long positions, the analyst said. Liquidation About $62,953. From this perspective, a break below the $62,800 level would indicate that the market is not only going lower, but potentially going deeper.
The revised upside target was also more aggressive. Instead of exiting at $66,900, the analyst pointed to a larger liquidity magnet around $67,559 and set a target just below it at $67,450. The goal is to trigger the area at the front where a short squeeze sequence could start to lose momentum.
$63,500 becomes the line that bulls need to defend
The same level also appeared in a comment from That Martini Guy on
His point was not that Bitcoin had already confirmed a major hack. BTC formed a higher bottom around $62,400, reclaimed the failed support area, and then started to move higher. This is exactly the sequence the bulls needed to see after sentiment turned lower.
From this point of view, the previous high range around $67,200 remains the next key level to watch. As long as $63,500 remains stable, it is difficult to reject the short-term structure.
Setup still needs to be confirmed
The bullish case is not risk-free. A liquidation map setup can quickly fail if the market sweeps to the wrong side first, and the recovery only matters if buyers defend it on the next pullback.
This makes the $62,800-63,500 area particularly important. If it holds above it, the market could continue to push towards the $67,000 area. If you lose, the final bounce will look like another failed recovery attempt.
For now, the bullish reading is simple: Bitcoin has reclaimed a key level, liquidity on the short side may be higher, and traders are watching whether buyers can turn a comfort bounce into a squeeze.
This article was written by the News Desk and edited by Samuel Ray.
