Hello everyone, here is my breakdown of the current BTCUSDT setup.
Market Analysis
BTCUSDT previously traded inside a large symmetrical triangle before breaking below support, confirming a bearish move. After finding support, price consolidated inside a range and later broke higher into an ascending channel, signaling that buyers have regained short-term control.
Currently, BTCUSDT is trading above the 63,700 Support Zone while remaining below the 66,100 Resistance Zone. Price continues to respect the ascending channel, and the recent pullback has successfully retested the former breakout area, where buyers are attempting to resume the uptrend.
My Scenario & Strategy
As long as BTCUSDT remains above the 63,700 Support Zone and continues respecting the ascending channel, the bullish scenario remains valid. A continuation higher could push price toward the 66,100 Resistance Zone (TP1).
However, if BTCUSDT breaks below the 63,700 Support Zone and loses the lower boundary of the channel, bullish momentum would weaken, increasing the risk of a deeper pullback.
That’s the setup I’m tracking. Thank you for your attention, and always manage your risk.
Market Analysis
BTCUSDT previously traded inside a large symmetrical triangle before breaking below support, confirming a bearish move. After finding support, price consolidated inside a range and later broke higher into an ascending channel, signaling that buyers have regained short-term control.
Currently, BTCUSDT is trading above the 63,700 Support Zone while remaining below the 66,100 Resistance Zone. Price continues to respect the ascending channel, and the recent pullback has successfully retested the former breakout area, where buyers are attempting to resume the uptrend.
My Scenario & Strategy
As long as BTCUSDT remains above the 63,700 Support Zone and continues respecting the ascending channel, the bullish scenario remains valid. A continuation higher could push price toward the 66,100 Resistance Zone (TP1).
However, if BTCUSDT breaks below the 63,700 Support Zone and loses the lower boundary of the channel, bullish momentum would weaken, increasing the risk of a deeper pullback.
That’s the setup I’m tracking. Thank you for your attention, and always manage your risk.
交易進行
So far, it is clear that support is holding and it all depends on the reaction of buyers. I hope they will give the momentum I expected!交易結束：目標達成
As you can see, my expectations were confirmed and the price continued to move inside the ascending channel! Target achieved!
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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
免責聲明
這些資訊和出版物並非旨在提供，也不構成TradingView提供或認可的任何形式的財務、投資、交易或其他類型的建議或推薦。請閱讀使用條款以了解更多資訊。