Hello everyone, here is my breakdown of the current BTCUSDT setup.
Market Analysis
Bitcoin previously traded inside a range. After the breakout, price continued higher and formed an ascending trend with consistent higher lows along the trendline. Later, the market entered a triangle structure, where multiple breakouts and retests confirmed strong buyer control.
Currently, BTCUSDT is consolidating below the 79,500 resistance zone. A recent pullback and reaction from support indicate that buyers are still active, while resistance remains the main barrier.
My Scenario & Strategy
As long as BTCUSDT holds above the 77,000 support and respects the ascending trendline, the bullish scenario remains valid. A bounce from this zone could push price toward the 79,500 resistance (TP1).
However, if price breaks below 77,000 and loses the trend structure, a deeper correction may follow.
That’s the setup I’m tracking. Thank you for your attention, and always manage your risk.
Market Analysis
Bitcoin previously traded inside a range. After the breakout, price continued higher and formed an ascending trend with consistent higher lows along the trendline. Later, the market entered a triangle structure, where multiple breakouts and retests confirmed strong buyer control.
Currently, BTCUSDT is consolidating below the 79,500 resistance zone. A recent pullback and reaction from support indicate that buyers are still active, while resistance remains the main barrier.
My Scenario & Strategy
As long as BTCUSDT holds above the 77,000 support and respects the ascending trendline, the bullish scenario remains valid. A bounce from this zone could push price toward the 79,500 resistance (TP1).
However, if price breaks below 77,000 and loses the trend structure, a deeper correction may follow.
That’s the setup I’m tracking. Thank you for your attention, and always manage your risk.
Trade closed: target reached
We can see today that we have reached the target. However, the level was not broken, which indicates the activity of sellers at this level, so the price went to retest the support again!
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
🚀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
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.