Hello traders! Here’s my technical outlook based on the current BTCUSDT (2H) chart structure. BTCUSDT previously traded inside a descending channel before breaking below support and extending its bearish move. After reaching a local bottom, price staged a recovery, but the rally has now approached a major supply area where sellers are becoming active again.
Currently, BTCUSDT is trading below the 66,100 Supply Zone while holding above the 64,200 Demand Zone. The recent rejection from resistance suggests that bullish momentum is weakening, and price is pulling back from the local highs.
As long as BTCUSDT remains below the 66,100 Supply Zone and continues to respect this resistance, the bearish scenario remains valid. A rejection from current levels could push price back toward the 64,200 Demand Zone (TP1). Manage your risk!
Currently, BTCUSDT is trading below the 66,100 Supply Zone while holding above the 64,200 Demand Zone. The recent rejection from resistance suggests that bullish momentum is weakening, and price is pulling back from the local highs.
As long as BTCUSDT remains below the 66,100 Supply Zone and continues to respect this resistance, the bearish scenario remains valid. A rejection from current levels could push price back toward the 64,200 Demand Zone (TP1). Manage your risk!
Giao dịch đang hoạt động
So far we see that the price has overcome resistance but has started to contract, which may indicate a signal for a correction. So let's watch!Đóng lệnh: đạt mục tiêu
The support retest happened as I expected. So our goal was achieved, the analysis worked perfectly!
🔶 Free telegram channel👉 t.me/heniitrading
🔥 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
Thông báo miễn trừ trách nhiệm
Thông tin và các ấn phẩm này không nhằm mục đích, và không cấu thành, lời khuyên hoặc khuyến nghị về tài chính, đầu tư, giao dịch hay các loại khác do TradingView cung cấp hoặc xác nhận. Đọc thêm tại Điều khoản Sử dụng.
🔶 Free telegram channel👉 t.me/heniitrading
🔥 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
Thông báo miễn trừ trách nhiệm
Thông tin và các ấn phẩm này không nhằm mục đích, và không cấu thành, lời khuyên hoặc khuyến nghị về tài chính, đầu tư, giao dịch hay các loại khác do TradingView cung cấp hoặc xác nhận. Đọc thêm tại Điều khoản Sử dụng.