Hello traders! Here’s my technical outlook based on the current BTCUSDT (4H) chart structure. BTC previously traded inside a range, after formed a rising trend line. The market faced rejection from a pivot high under a descending supply line, BTC broke below the trend line and the 68,400 supply zone.
Currently, price is trading below resistance and approaching the 66,000 demand zone, where a short-term reaction may occur. The structure now shows lower highs forming, indicating weakening bullish momentum.
As long as BTCUSDT remains below the 68,400 resistance and respects the descending supply line, the bearish bias stays valid. A continuation lower could push price toward the 66,000 support (TP1) as the next downside target. Manage your risk!
Currently, price is trading below resistance and approaching the 66,000 demand zone, where a short-term reaction may occur. The structure now shows lower highs forming, indicating weakening bullish momentum.
As long as BTCUSDT remains below the 68,400 resistance and respects the descending supply line, the bearish bias stays valid. A continuation lower could push price toward the 66,000 support (TP1) as the next downside target. Manage your risk!
Trade aktif
Bitcoin has corrected to the resistance zone from where the price went down. Currently we are already seeing good results at 66,400. In my opinion, sellers will be able to push to 66K from where the next reaction will follow.Trading ditutup: target tercapai
We see that the price impulsively dropped to our target, from where the next reaction followed, as I said earlier.
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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
Pernyataan Penyangkalan
Informasi dan publikasi ini tidak dimaksudkan, dan bukan merupakan, saran atau rekomendasi keuangan, investasi, trading, atau jenis lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Ketentuan Penggunaan.