BTCUSD Bullish Breakout Toward 69K Liquidity
BTCUSD on the 30M timeframe is showing a strong bullish recovery after respecting the lower boundary of an ascending channel.
🔎 Key Observations:
Price rebounded cleanly from the channel’s lower trendline (dynamic support).
Clear higher low formation confirms short-term bullish structure.
Break and close above minor intraday resistance around 68,000.
Momentum push toward major horizontal resistance near 68,999 – 69,100.
📈 Trade Idea Overview:
Entry: Around 68,000 retest zone
Stop Loss: Below 67,950 (beneath structure support)
Target: 69,000 – 69,100 liquidity area
The green projected zone shows a continuation pattern targeting the previous supply area. If price holds above 68K and maintains structure, probability favors a push into the 69K liquidity pool.
⚠️ Invalidation:
A clean breakdown below 67,950 would weaken bullish momentum and could trigger a pullback toward mid-channel support.
Overall bias: Short-term bullish continuation inside ascending structure.
BTCUSD on the 30M timeframe is showing a strong bullish recovery after respecting the lower boundary of an ascending channel.
🔎 Key Observations:
Price rebounded cleanly from the channel’s lower trendline (dynamic support).
Clear higher low formation confirms short-term bullish structure.
Break and close above minor intraday resistance around 68,000.
Momentum push toward major horizontal resistance near 68,999 – 69,100.
📈 Trade Idea Overview:
Entry: Around 68,000 retest zone
Stop Loss: Below 67,950 (beneath structure support)
Target: 69,000 – 69,100 liquidity area
The green projected zone shows a continuation pattern targeting the previous supply area. If price holds above 68K and maintains structure, probability favors a push into the 69K liquidity pool.
⚠️ Invalidation:
A clean breakdown below 67,950 would weaken bullish momentum and could trigger a pullback toward mid-channel support.
Overall bias: Short-term bullish continuation inside ascending structure.
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Declinazione di responsabilità
Le informazioni e le pubblicazioni non sono intese come, e non costituiscono, consulenza o raccomandazioni finanziarie, di investimento, di trading o di altro tipo fornite o approvate da TradingView. Per ulteriori informazioni, consultare i Termini di utilizzo.