BTCUSDT Short: Rebound From Demand Line — Testing 64,500 Supply
Hello traders! Here’s my technical outlook based on the current BTCUSDT (2H) chart structure. BTCUSDT previously traded inside a descending channel before breaking above the 64,500 Supply Zone and shifting bullish. Price then faced rejection from the upper supply line and moved lower, forming another descending structure.
Currently, BTCUSDT is trading above the 63,300 Demand Zone while approaching the 64,500 Supply Zone. The recent rebound from the demand line suggests that buyers are attempting to regain control.
As long as BTCUSDT holds above the 63,300 Demand Zone and respects the rising demand line, the bullish scenario remains valid. A successful retest of support could push price toward the 64,500 Supply Zone (TP1). However, a breakdown below 63,300 would weaken the bullish outlook and increase the risk of further downside. Manage your risk!
Currently, BTCUSDT is trading above the 63,300 Demand Zone while approaching the 64,500 Supply Zone. The recent rebound from the demand line suggests that buyers are attempting to regain control.
As long as BTCUSDT holds above the 63,300 Demand Zone and respects the rising demand line, the bullish scenario remains valid. A successful retest of support could push price toward the 64,500 Supply Zone (TP1). However, a breakdown below 63,300 would weaken the bullish outlook and increase the risk of further downside. Manage your risk!
Transakcja zamknięta: osiągnięto wyznaczony cel
As you can see, my expectations were confirmed today. The price reached our target and the sellers' zone of interest. From where we can already see the reaction!
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🔥 Join our paid VIP community with Forex and Crypto signals in order to improve your trading skills, my contact 👉 t.me/henii_trader
💎 I'm open for cooperation/advertising, not interested in rebate
🔥 Join our paid VIP community with Forex and Crypto signals in order to improve your trading skills, my contact 👉 t.me/henii_trader
💎 I'm open for cooperation/advertising, not interested in rebate
Wyłączenie odpowiedzialności
Informacje i publikacje nie stanowią i nie powinny być traktowane jako porady finansowe, inwestycyjne, tradingowe ani jakiekolwiek inne rekomendacje dostarczane lub zatwierdzone przez TradingView. Więcej informacji znajduje się w Warunkach użytkowania.