BTCUSDT has recovered from the recent demand zone and is now retesting a significant resistance area around 65,000–65,250. This zone has previously rejected price, making it a key level to watch for renewed selling pressure.
If buyers fail to secure a strong breakout above resistance, a bearish rejection could trigger another move lower toward the highlighted demand zone. A breakdown below that support would increase the probability of a decline toward Target 1 (63,372), with Target 2 (63,000) as the next downside objective.
A sustained close above the resistance zone would invalidate the bearish setup and shift momentum back in favor of the bulls.
Key Levels:
Resistance: 65,000–65,250
Demand Zone: 63,700–63,950
Target 1: 63,372
Target 2: 63,000
Invalidation: 1H close above 65,250
If buyers fail to secure a strong breakout above resistance, a bearish rejection could trigger another move lower toward the highlighted demand zone. A breakdown below that support would increase the probability of a decline toward Target 1 (63,372), with Target 2 (63,000) as the next downside objective.
A sustained close above the resistance zone would invalidate the bearish setup and shift momentum back in favor of the bulls.
Key Levels:
Resistance: 65,000–65,250
Demand Zone: 63,700–63,950
Target 1: 63,372
Target 2: 63,000
Invalidation: 1H close above 65,250
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forex channel : t.me/DETOXTRADINGZONE58
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daily 5-7 high accuracy signals
Crypto Channel : t.me/DETOXTRADINGZONE58
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.