BTCUSDT Short: Rally Stalls at Supply, Pullback Before Next Move
Hello traders! Here’s my technical outlook based on the current BTCUSDT (2H) chart structure. BTCUSDT previously traded inside a descending channel before breaking below support and extending its bearish move. After reaching a local bottom, price staged a recovery, but the rally has now approached a major supply area where sellers are becoming active again.
Currently, BTCUSDT is trading below the 66,100 Supply Zone while holding above the 64,200 Demand Zone. The recent rejection from resistance suggests that bullish momentum is weakening, and price is pulling back from the local highs.
As long as BTCUSDT remains below the 66,100 Supply Zone and continues to respect this resistance, the bearish scenario remains valid. A rejection from current levels could push price back toward the 64,200 Demand Zone (TP1). Manage your risk!
Currently, BTCUSDT is trading below the 66,100 Supply Zone while holding above the 64,200 Demand Zone. The recent rejection from resistance suggests that bullish momentum is weakening, and price is pulling back from the local highs.
As long as BTCUSDT remains below the 66,100 Supply Zone and continues to respect this resistance, the bearish scenario remains valid. A rejection from current levels could push price back toward the 64,200 Demand Zone (TP1). Manage your risk!
Trade ist aktiv
So far we see that the price has overcome resistance but has started to contract, which may indicate a signal for a correction. So let's watch!Trade geschlossen: Ziel wurde erreicht
The support retest happened as I expected. So our goal was achieved, the analysis worked perfectly!
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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
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.