Hi traders, how are you viewing this pullback?
BTCUSDT broke out of the descending trendline and extended to the 65,000+ region, but is now retesting the breakout structure. For me, the 62,600–63,500 region is the most noteworthy area right now.
If buyers continue to defend this support and the price regains momentum above the Ichimoku cloud, I still favor a pullback to the following regions:
🎯 Target 1: 65,700
🎯 Target 2: 66,400
I don't want to chase the price midway through the rally. A clear bullish reaction from support would result in a cleaner setup and easier risk management.
If the H4 closes below 62,600, the current bullish structure will lose much of its advantage and needs to be re-evaluated.
AURICVERSE View: A breakout has occurred, but the 63K level is where it will show whether buyers truly want to continue the trade.
How are you reading this structure? Share your view below.
BTCUSDT broke out of the descending trendline and extended to the 65,000+ region, but is now retesting the breakout structure. For me, the 62,600–63,500 region is the most noteworthy area right now.If buyers continue to defend this support and the price regains momentum above the Ichimoku cloud, I still favor a pullback to the following regions:
🎯 Target 1: 65,700
🎯 Target 2: 66,400
I don't want to chase the price midway through the rally. A clear bullish reaction from support would result in a cleaner setup and easier risk management.
If the H4 closes below 62,600, the current bullish structure will lose much of its advantage and needs to be re-evaluated.
AURICVERSE View: A breakout has occurred, but the 63K level is where it will show whether buyers truly want to continue the trade.
How are you reading this structure? Share your view below.
Trade active
positive move, buyer strong continue
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⚡ Follow AuricVerse_HQ beyond the chart.
Join AURICVERSE GOLD for XAUUSD analysis, Forex, Crypto & trader discussions:
t.me/+41cp_XYSqttlZTU1
Join AURICVERSE GOLD for XAUUSD analysis, Forex, Crypto & trader discussions:
t.me/+41cp_XYSqttlZTU1
Related publications
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.