Bitcoin’s recovery has given the bulls something to work with again, but traders still view the move as a level-by-level test rather than a clean return to euphoria.
View the original TradingView chart
TL; DR
- TradingView analyst kiv1n charted a long setup of BTCUSDT using liquidation levels, with an optimized target near $67,450.
- Martini Guy said Bitcoin’s recovery of $63,500 after a higher low of nearly $62,400 makes it harder to remain aggressively bearish.
- The key level in the bullish case is whether BTC can hold the reclaimed area of $63,500.
- A failed hold would quickly weaken the long setup, especially after the recent liquidation-induced volatility.
Liquidation card points to a higher purpose
A TradingView idea from analyst Kiv1n framed Bitcoin’s current setup through liquidation charts rather than a simple support-and-resistance plan. The original setup used an entry of $63,700, a take profit of $66,900 and a stop loss of $62,400. After adjusting the plan around liquidity clusters, the analyst moved the entry to $63,450, increased the exit to $67,450 and tightened the stop to $62,800.
The reason for the adjustment was liquidity. The analyst argued that the original stop was uncomfortably between liquidation zones, while the revised stop was below a localized cluster of long liquidations around $62,953. In that view, a break below $62,800 would indicate that the market is not only falling, but likely flushing 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 the target just below that at $67,450. The goal is to rush into the area where a short-squeeze cascade might lose momentum.
$63,500 becomes the line bulls need to defend
The same level also appeared in That Martini Guy’s commentary on
His point was not that Bitcoin has already confirmed a major breakout. It was that BTC formed a higher low around $62,400, reclaimed the failed support area and then started moving higher. That’s exactly the sequence the bulls needed to see after sentiment turned bearish.
In that view, the previous range high around $67,200 remains the next important level to watch. As long as $63,500 is present, the short-term structure is harder to ignore.
The installation still needs confirmation
The bullish case is not without risk. Setting up a liquidation map can quickly fail if the market moves in the wrong direction first, and a clawback only matters if buyers defend it on the next pullback.
That makes the zone between $62,800 and $63,500 particularly important. Staying above it could keep the market aiming for the $67,000 region. Lose that and the recent recovery starts to look like yet another failed recovery attempt.
For now, the bullish reading is simple: Bitcoin has regained a key level, liquidity on the short side may be higher and traders are watching to see if buyers can turn a relief into a squeeze.
This article was written by the News Desk and edited by Samuel Rae.