Hello traders! Here’s my technical outlook based on the current BTCUSDT (2H) chart structure. BTCUSDT previously traded inside a descending channel before breaking above the 64,500 Supply Zone and shifting bullish. Price then faced rejection from the upper supply line and moved lower, forming another descending structure.
Currently, BTCUSDT is trading above the 63,300 Demand Zone while approaching the 64,500 Supply Zone. The recent rebound from the demand line suggests that buyers are attempting to regain control.
As long as BTCUSDT holds above the 63,300 Demand Zone and respects the rising demand line, the bullish scenario remains valid. A successful retest of support could push price toward the 64,500 Supply Zone (TP1). However, a breakdown below 63,300 would weaken the bullish outlook and increase the risk of further downside. Manage your risk!
Currently, BTCUSDT is trading above the 63,300 Demand Zone while approaching the 64,500 Supply Zone. The recent rebound from the demand line suggests that buyers are attempting to regain control.
As long as BTCUSDT holds above the 63,300 Demand Zone and respects the rising demand line, the bullish scenario remains valid. A successful retest of support could push price toward the 64,500 Supply Zone (TP1). However, a breakdown below 63,300 would weaken the bullish outlook and increase the risk of further downside. Manage your risk!
Trade fermée: cible de profit atteinte
As you can see, my expectations were confirmed today. The price reached our target and the sellers' zone of interest. From where we can already see the reaction!
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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
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.