Hello everyone, here is my breakdown of the current BTCUSDT setup.
Market Analysis
BTCUSDT was previously trading inside a well-defined descending channel, where price consistently respected the falling resistance and support boundaries. This structure was characterized by a sequence of lower highs and lower lows, confirming sustained bearish pressure and controlled downside continuation rather than panic selling. Each corrective bounce into channel resistance was rejected, reinforcing seller dominance throughout the move lower. As price approached the Support Zone around 66,300, selling momentum began to weaken. Bitcoin briefly broke below this support, creating a fake breakdown and triggering sell-side liquidity. However, this move was quickly reclaimed, followed by a strong bullish impulse back above the support zone. This behavior signaled seller exhaustion and marked a potential short-term structural shift.
Currently, after the reclaim, BTCUSDT transitioned into a range structure between roughly 66,300 support and 69,900 resistance. This consolidation reflects temporary balance between buyers and sellers, with price holding above reclaimed demand while failing to break through resistance. Importantly, price is also respecting a rising triangle support line, indicating gradual bullish pressure building from below.
My Scenario & Strategy
My primary scenario favors bullish continuation, as long as BTCUSDT holds above the 66,300 Support Zone and continues to respect the rising triangle support line. The fake breakdown followed by strong acceptance above support suggests that the prior move down was a liquidity sweep rather than the start of a new bearish leg. Structurally, this range appears more like accumulation than distribution. The next key upside objective is the 69,900 Resistance Zone (TP1), which aligns with previous resistance and the upper boundary of the current range. A clean breakout and acceptance above this level would confirm bullish continuation and open the door for further upside expansion.
However, if price fails to hold above the support zone and breaks decisively below both the range low and the triangle support line, the bullish scenario would be invalidated, potentially leading to renewed downside continuation. Until such a breakdown occurs, pullbacks toward support are viewed as corrective rather than bearish reversal signals.
That’s the setup I’m tracking. Thank you for your attention, and always manage your risk.
Market Analysis
BTCUSDT was previously trading inside a well-defined descending channel, where price consistently respected the falling resistance and support boundaries. This structure was characterized by a sequence of lower highs and lower lows, confirming sustained bearish pressure and controlled downside continuation rather than panic selling. Each corrective bounce into channel resistance was rejected, reinforcing seller dominance throughout the move lower. As price approached the Support Zone around 66,300, selling momentum began to weaken. Bitcoin briefly broke below this support, creating a fake breakdown and triggering sell-side liquidity. However, this move was quickly reclaimed, followed by a strong bullish impulse back above the support zone. This behavior signaled seller exhaustion and marked a potential short-term structural shift.
Currently, after the reclaim, BTCUSDT transitioned into a range structure between roughly 66,300 support and 69,900 resistance. This consolidation reflects temporary balance between buyers and sellers, with price holding above reclaimed demand while failing to break through resistance. Importantly, price is also respecting a rising triangle support line, indicating gradual bullish pressure building from below.
My Scenario & Strategy
My primary scenario favors bullish continuation, as long as BTCUSDT holds above the 66,300 Support Zone and continues to respect the rising triangle support line. The fake breakdown followed by strong acceptance above support suggests that the prior move down was a liquidity sweep rather than the start of a new bearish leg. Structurally, this range appears more like accumulation than distribution. The next key upside objective is the 69,900 Resistance Zone (TP1), which aligns with previous resistance and the upper boundary of the current range. A clean breakout and acceptance above this level would confirm bullish continuation and open the door for further upside expansion.
However, if price fails to hold above the support zone and breaks decisively below both the range low and the triangle support line, the bullish scenario would be invalidated, potentially leading to renewed downside continuation. Until such a breakdown occurs, pullbacks toward support are viewed as corrective rather than bearish reversal signals.
That’s the setup I’m tracking. Thank you for your attention, and always manage your risk.
Trade ist aktiv
We can see that Bitcoin continues to consolidate outside the support zone we have identified. So all we can do is wait and watch.Anmerkung
So far, Bitcoin has deviated below the support line, but buyers can still enter the game.Trade geschlossen: Ziel wurde erreicht
Today we see a picture that after a slight breakthrough of the triangle support line, the price soon returned and was able to resume the upward movement. Target reached!
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❤️Welcome to my telegram channel👉🏼 t.me/ratner_trading
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🚀If you want became part of my trading team & start making big profits welcome to my paid VIP signals group, write me✏️ t.me/ratner_1
❤️Welcome to my telegram channel👉🏼 t.me/ratner_trading
❤️Welcome to my telegram channel👉🏼 t.me/ratner_trading
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.