Hi traders, is this pullback the reset Bitcoin needed?
BTCUSDT has broken above the descending trendline and is now holding around 64K, with price also sitting above the Ichimoku Cloud. That keeps the short-term structure constructive despite the current pullback.
The area I’m watching is 63,700–64,000. If buyers defend this zone and momentum returns, I still favor continuation toward:
🎯 Target 1: 65,000
🎯 Target 2: 65,300
The macro backdrop offers some support as the US Dollar remains weak and markets continue to scale back expectations for a near-term Fed rate hike.
Bitcoin has also edged higher in that environment. The main risk is rising Treasury yields and renewed US-Iran tensions, which could keep risk appetite unstable.
I wouldn’t chase the first bullish candle. A controlled retest of 63.7K–64K would give this setup a much cleaner structure.
A sustained H1 move back below 63,700 would weaken the breakout and force me to reassess the bullish case.
AURICVERSE View: the trendline break matters, but the real test is whether Bitcoin can turn the old resistance area into support. If buyers succeed, 65K–65.3K remains the next area on my radar.
How are you reading this structure? Share your view below.
BTCUSDT has broken above the descending trendline and is now holding around 64K, with price also sitting above the Ichimoku Cloud. That keeps the short-term structure constructive despite the current pullback.The area I’m watching is 63,700–64,000. If buyers defend this zone and momentum returns, I still favor continuation toward:
🎯 Target 1: 65,000
🎯 Target 2: 65,300
The macro backdrop offers some support as the US Dollar remains weak and markets continue to scale back expectations for a near-term Fed rate hike.
Bitcoin has also edged higher in that environment. The main risk is rising Treasury yields and renewed US-Iran tensions, which could keep risk appetite unstable.
I wouldn’t chase the first bullish candle. A controlled retest of 63.7K–64K would give this setup a much cleaner structure.
A sustained H1 move back below 63,700 would weaken the breakout and force me to reassess the bullish case.
AURICVERSE View: the trendline break matters, but the real test is whether Bitcoin can turn the old resistance area into support. If buyers succeed, 65K–65.3K remains the next area on my radar.
How are you reading this structure? Share your view below.
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⚡ Follow AuricVerse_HQ beyond the chart.
Join AURICVERSE GOLD for XAUUSD analysis, Forex, Crypto & trader discussions:
t.me/+41cp_XYSqttlZTU1
Join AURICVERSE GOLD for XAUUSD analysis, Forex, Crypto & trader discussions:
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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.