Hello everyone, here is my breakdown of the current BTCUSDT setup.
Market Analysis
BTCUSDT previously traded inside a broad descending channel, forming a series of lower highs and lower lows. After breaking below a key resistance zone near 75,300, price developed a rounding top pattern.
Currently, BTCUSDT is trading above the 73,200 support zone while remaining below the 75,300 resistance zone, which continues to act as the main supply area. Price is also respecting a rising triangle support line, signaling that buyers are attempting to build a short-term recovery from support.
My Scenario & Strategy
As long as BTCUSDT remains above the 73,200 support zone and continues to respect the triangle support line, the bullish recovery scenario remains valid. A continuation higher could push price toward the 75,300 resistance zone (TP1).
However, if price breaks below the 73,200 support zone and loses the triangle support structure, bearish pressure could return and trigger another move lower.
That’s the setup I’m tracking. Thank you for your attention, and always manage your risk.
Market Analysis
BTCUSDT previously traded inside a broad descending channel, forming a series of lower highs and lower lows. After breaking below a key resistance zone near 75,300, price developed a rounding top pattern.
Currently, BTCUSDT is trading above the 73,200 support zone while remaining below the 75,300 resistance zone, which continues to act as the main supply area. Price is also respecting a rising triangle support line, signaling that buyers are attempting to build a short-term recovery from support.
My Scenario & Strategy
As long as BTCUSDT remains above the 73,200 support zone and continues to respect the triangle support line, the bullish recovery scenario remains valid. A continuation higher could push price toward the 75,300 resistance zone (TP1).
However, if price breaks below the 73,200 support zone and loses the triangle support structure, bearish pressure could return and trigger another move lower.
That’s the setup I’m tracking. Thank you for your attention, and always manage your risk.
Transaction en cours
Today we see a breakout of the ascending support line. However, it is not yet clear that the price has consolidated there and a possible recovery to the support line. So let's see, this happens often!Ordre annulé
Bitcoin broke the descending channel even lower against the backdrop of the latest world news, so the recovery scenario has been canceled!
🚀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
Clause de non-responsabilité
Les informations et publications ne sont pas destinées à être, et ne constituent pas, des conseils ou recommandations financiers, d'investissement, de trading ou autres fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.
🚀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
Clause de non-responsabilité
Les informations et publications ne sont pas destinées à être, et ne constituent pas, des conseils ou recommandations financiers, d'investissement, de trading ou autres fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.