Hello traders! Here’s my technical outlook based on the current BTCUSDT (4H) chart structure. BTC previously traded inside a descending channel before breaking out and forming a wide consolidation range. After establishing a pivot low, price reversed and started building a bullish structure with higher lows along an ascending trend line, supported by multiple fake breakouts that confirmed buyer strength.
Currently, BTC tested the 72,500 resistance (supply zone) and faced rejection, followed by a pullback toward the 69,500 demand zone, which aligns with the rising trend line and previous breakout area.
As long as price holds above 69,500 and respects the ascending trend line, the bullish bias remains valid. A bounce from this confluence could push BTC back toward the 72,500 resistance, which is the main upside target. However, if price breaks below 69,500, the bullish structure would weaken and a deeper correction could follow. Manage your risk!
Currently, BTC tested the 72,500 resistance (supply zone) and faced rejection, followed by a pullback toward the 69,500 demand zone, which aligns with the rising trend line and previous breakout area.
As long as price holds above 69,500 and respects the ascending trend line, the bullish bias remains valid. A bounce from this confluence could push BTC back toward the 72,500 resistance, which is the main upside target. However, if price breaks below 69,500, the bullish structure would weaken and a deeper correction could follow. Manage your risk!
Trade ist aktiv
We see that the level we marked gave the expected reaction and Bitcoin began to recover. However, sellers also became more active, which may indicate the beginning of consolidation.Trade wurde manuell geschlossen
After the consolidation, Bitcoin fell below the trend line, which indicates the weakness of the trend itself and its possible change!
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🔶 Free telegram channel👉 t.me/heniitrading
🔥 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
Haftungsausschluss
Die Informationen und Veröffentlichungen sind nicht als Finanz-, Anlage-, Handels- oder andere Arten von Ratschlägen oder Empfehlungen gedacht, die von TradingView bereitgestellt oder gebilligt werden, und stellen diese nicht dar. Lesen Sie mehr in den Nutzungsbedingungen.