Bitcoin
Short
Updated

BTCUSD — Resistance Rejection After Breakout

755

BTCUSD has broken above the descending trendline, showing strong bullish momentum. However, price is now approaching a major resistance zone around 81,400–81,700. The chart suggests a possible rejection from this zone, followed by a bearish move toward the marked target.

🎯 Target: 78,694
📍 Resistance Zone: 81,400–81,700
📌 Key idea: Watch for bearish confirmation/rejection near resistance before considering the downside setup.
Trade active
Active

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.