Hello everyone, here is my breakdown of the current BTCUSDT setup.
Market Analysis
BTCUSDT previously traded inside an upward channel before reaching the 65,400 area and entering a broad range. After several attempts to break higher, price broke below the range support and shifted bearish, forming a descending channel.
Currently, BTCUSDT is trading below the 63,600 Resistance Zone while holding above the 62,300 Support Zone. The recent breakdown and continued movement inside the descending channel suggest that sellers remain in control, with price consolidating below resistance.
My Scenario & Strategy
As long as BTCUSDT remains below the 63,600 Resistance Zone and respects the descending channel, the bearish scenario remains valid. A rejection from current levels could push price toward the 62,300 Support Zone (TP1).
However, a breakout and close above 63,600 would weaken the bearish outlook and increase the possibility of a recovery toward higher levels.
That’s the setup I’m tracking. Thank you for your attention, and always manage your risk.
Market Analysis
BTCUSDT previously traded inside an upward channel before reaching the 65,400 area and entering a broad range. After several attempts to break higher, price broke below the range support and shifted bearish, forming a descending channel.
Currently, BTCUSDT is trading below the 63,600 Resistance Zone while holding above the 62,300 Support Zone. The recent breakdown and continued movement inside the descending channel suggest that sellers remain in control, with price consolidating below resistance.
My Scenario & Strategy
As long as BTCUSDT remains below the 63,600 Resistance Zone and respects the descending channel, the bearish scenario remains valid. A rejection from current levels could push price toward the 62,300 Support Zone (TP1).
However, a breakout and close above 63,600 would weaken the bearish outlook and increase the possibility of a recovery toward higher levels.
That’s the setup I’m tracking. Thank you for your attention, and always manage your risk.
トレード稼働中
We see that the price has now broken out of the channel, testing resistance again, but the sellers rejected it. So I expect the price to return to the channel.手動でトレードを終了しました
We see that Bitcoin has so far managed to consolidate at a higher level, which cancels out my scenario!
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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
免責事項
これらの情報および投稿は、TradingViewが提供または承認する金融、投資、取引、またはその他の種類の助言もしくは推奨であることを意図したものではなく、またこれらに該当するものでもありません。詳細は利用規約をご覧ください。