Hello traders! Here’s my technical outlook based on the current BTCUSDT (1H) chart structure. Bitcoin previously traded inside a range after exiting a descending channel. After reaching a pivot point near the upper boundary, price reversed and entered a new descending channel, confirming bearish pressure.
Currently, price is trading below the 76,500 supply zone, which acts as resistance, while moving downward toward the 75,000 demand zone. A recent breakout and rejection from the supply area highlight strong selling pressure and continuation signals.
As long as BTCUSDT remains below the 76,500 resistance and respects the descending channel, the bearish bias remains valid. A continuation to the downside could push price toward the 75,000 support (TP1). Manage your risk!
Currently, price is trading below the 76,500 supply zone, which acts as resistance, while moving downward toward the 75,000 demand zone. A recent breakout and rejection from the supply area highlight strong selling pressure and continuation signals.
As long as BTCUSDT remains below the 76,500 resistance and respects the descending channel, the bearish bias remains valid. A continuation to the downside could push price toward the 75,000 support (TP1). Manage your risk!
交易开始
We see that Bitcoin has retested the resistance and even broken through it. But I believe that the price will not be able to consolidate at this level and will soon return to the descending channel. So let's see if my expectations come true!订单已取消
Bitcoin was able to break the level it reached, so our scenario is canceled!
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🔥 Join our paid VIP community with Forex and Crypto signals in order to improve your trading skills, my contact 👉 t.me/henii_trader
💎 I'm open for cooperation/advertising, not interested in rebate
🔥 Join our paid VIP community with Forex and Crypto signals in order to improve your trading skills, my contact 👉 t.me/henii_trader
💎 I'm open for cooperation/advertising, not interested in rebate
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这些信息和出版物并非旨在提供，也不构成TradingView提供或认可的任何形式的财务、投资、交易或其他类型的建议或推荐。请阅读使用条款了解更多信息。