Bitcoin (BTCUSDT) has broken out of a rising channel and is currently approaching a strong resistance zone. Price may face rejection at this level, leading to a potential pullback toward the marked strong support area. This support zone could act as a key demand region for a bounce and continuation toward higher resistance levels. Traders should wait for confirmation signals such as a clean rejection or bullish reaction at support before entering positions
Bias: Short-term pullback, then bullish continuation
Sell (Resistance Rejection Setup)
Entry: 74,500 – 75,500
Stop Loss: 78,200 (above strong resistance zone)
Take Profit 1: 72,000
Take Profit 2: 70,500 (strong support zone)
: If price rejects resistance, expect a drop into support.
Buy (Support Bounce Setup)
Entry: 70,000 – 71,000
Stop Loss: 68,500 (below support)
Take Profit 1: 74,500
Take Profit 2: 78,000
Take Profit 3: 82,000 (next resistance zone)
: Buy the dip from strong support for continuation move up.
Not financial advice
Bias: Short-term pullback, then bullish continuation
Sell (Resistance Rejection Setup)
Entry: 74,500 – 75,500
Stop Loss: 78,200 (above strong resistance zone)
Take Profit 1: 72,000
Take Profit 2: 70,500 (strong support zone)
: If price rejects resistance, expect a drop into support.
Buy (Support Bounce Setup)
Entry: 70,000 – 71,000
Stop Loss: 68,500 (below support)
Take Profit 1: 74,500
Take Profit 2: 78,000
Take Profit 3: 82,000 (next resistance zone)
: Buy the dip from strong support for continuation move up.
Not financial advice
Professional Trader | Price Action & Risk Management. Sharing clear trade ideas. Consistency over hype.
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Professional Trader | Price Action & Risk Management. Sharing clear trade ideas. Consistency over hype.
إخلاء المسؤولية
لا يُقصد بالمعلومات والمنشورات أن تكون، أو تشكل، أي نصيحة مالية أو استثمارية أو تجارية أو أنواع أخرى من النصائح أو التوصيات المقدمة أو المعتمدة من TradingView. اقرأ المزيد في شروط الاستخدام.