Hello everyone, here is my breakdown of the current BTCUSDT setup.
Market Analysis
BTC previously traded inside an upward channel, forming higher lows and confirming bullish structure. After a rejection from resistance, price entered a consolidation range, showing a pause in momentum before the next move. Following this, the market continued respecting the ascending channel and maintained its bullish structure.
Currently, price is holding above the 70,500 support zone and approaching the 73,000 resistance zone, while staying within the upward channel. This indicates sustained bullish momentum with pressure building near resistance.
My Scenario & Strategy
As long as BTCUSDT holds above the 70,500 support and respects the ascending channel, the bullish bias remains valid. A breakout above the 73,000 resistance could trigger continuation toward higher levels (TP1).
However, if price breaks below 70,500, the bullish scenario would weaken and a deeper pullback could follow.
That’s the setup I’m tracking. Thank you for your attention, and always manage your risk.
Market Analysis
BTC previously traded inside an upward channel, forming higher lows and confirming bullish structure. After a rejection from resistance, price entered a consolidation range, showing a pause in momentum before the next move. Following this, the market continued respecting the ascending channel and maintained its bullish structure.
Currently, price is holding above the 70,500 support zone and approaching the 73,000 resistance zone, while staying within the upward channel. This indicates sustained bullish momentum with pressure building near resistance.
My Scenario & Strategy
As long as BTCUSDT holds above the 70,500 support and respects the ascending channel, the bullish bias remains valid. A breakout above the 73,000 resistance could trigger continuation toward higher levels (TP1).
However, if price breaks below 70,500, the bullish scenario would weaken and a deeper pullback could follow.
That’s the setup I’m tracking. Thank you for your attention, and always manage your risk.
Trade attivo
At the moment, the price has fallen into the support zone where it intersects with the ascending channel. This is where I expect a reaction from buyers. So let's watch!Trade chiuso: obiettivo raggiunto
We see that my expectations were confirmed. At the intersection of two strong supports, we received a reaction that pushed the price to our target!
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🚀If you want became part of my trading team & start making big profits welcome to my paid VIP signals group, write me✏️ t.me/ratner_1
❤️Welcome to my telegram channel👉🏼 t.me/ratner_trading
❤️Welcome to my telegram channel👉🏼 t.me/ratner_trading
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.