BTCUSDT: Ready for Another Push Higher? 66K Resistance in Sight
Hello everyone, here is my breakdown of the current BTCUSDT setup.
Market Analysis
BTCUSDT previously traded inside a well-defined descending channel, where sellers dominated the market and pushed price steadily lower. After breaking below several key support levels, the decline accelerated before buyers finally stepped in near the local bottom and triggered a strong recovery.
Currently, BTCUSDT is trading above the 63,600 Support Zone while remaining below the 66,000 Resistance Zone. Following the breakout from the descending channel, price formed an ascending channel and continues to print higher lows, signaling that bullish momentum remains intact. The latest pullback found support near the lower boundary of the channel, where buyers are attempting to regain control.
My Scenario & Strategy
As long as BTCUSDT remains above the 63,600 Support Zone and continues to respect the ascending channel structure, the bullish scenario remains valid. A bounce from current levels could push price toward the 66,000 Resistance Zone (TP1).
However, a breakdown below the support zone and channel support would weaken the bullish outlook and increase the risk of a deeper correction.
That’s the setup I’m tracking. Thank you for your attention, and always manage your risk.
Market Analysis
BTCUSDT previously traded inside a well-defined descending channel, where sellers dominated the market and pushed price steadily lower. After breaking below several key support levels, the decline accelerated before buyers finally stepped in near the local bottom and triggered a strong recovery.
Currently, BTCUSDT is trading above the 63,600 Support Zone while remaining below the 66,000 Resistance Zone. Following the breakout from the descending channel, price formed an ascending channel and continues to print higher lows, signaling that bullish momentum remains intact. The latest pullback found support near the lower boundary of the channel, where buyers are attempting to regain control.
My Scenario & Strategy
As long as BTCUSDT remains above the 63,600 Support Zone and continues to respect the ascending channel structure, the bullish scenario remains valid. A bounce from current levels could push price toward the 66,000 Resistance Zone (TP1).
However, a breakdown below the support zone and channel support would weaken the bullish outlook and increase the risk of a deeper correction.
That’s the setup I’m tracking. Thank you for your attention, and always manage your risk.
Dagangan aktif
So far, the chart shows price consolidation in the support zone before further movement. We will continue to monitor the situation!Dagangan ditutup: sasaran tercapai
Overall, we were able to reach the resistance zone and the 65,600$ mark, which I consider a pretty good result!
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Penafian
Maklumat dan penerbitan adalah tidak bertujuan, dan tidak membentuk, nasihat atau cadangan kewangan, pelaburan, dagangan atau jenis lain yang diberikan atau disahkan oleh TradingView. Baca lebih dalam Terma Penggunaan.
🚀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
Penafian
Maklumat dan penerbitan adalah tidak bertujuan, dan tidak membentuk, nasihat atau cadangan kewangan, pelaburan, dagangan atau jenis lain yang diberikan atau disahkan oleh TradingView. Baca lebih dalam Terma Penggunaan.