๐๐๐ฒ๐ฟ๐๐ฏ๐ผ๐ฑ๐ ๐ต๐ฎ๐ ๐๐ต๐ถ๐ ๐พ๐๐ฒ๐๐๐ถ๐ผ๐ป ๐ถ๐ป ๐๐ต๐ฒ๐ถ๐ฟ ๐บ๐ถ๐ป๐ฑ๐โ๐ฐ๐ฎ๐ป $๐๐ง๐ ๐๐ผ๐๐ฐ๐ต ๐ณ๐ฌ๐ธ ๐ฎ๐ด๐ฎ๐ถ๐ป?
The $BTC /USDT chart reveals a strong bullish momentum forming within an ascending channel. With Bitcoin currently priced at $67,824, the next critical resistance level stands around $70,000, the same zone that previously triggered a major rejection. A clean breakout above this resistance could signal a powerful rally toward $72,500 or beyond, likely driven by fresh market demand.
๐ Support and Resistance Levels:
โข Major Resistance: $70,000 โ This is a key psychological and technical barrier. A break above could unleash significant upward momentum.
โข Support Zone: $65,000 โ The lower bound of the channel offers solid support. If BTC dips below this, we could see further declines.
๐ก Long-Term Entry Strategy:
โข Long Entry: Above $70,000, with a target of $72,500, stop loss at $66,500 to protect against false breakouts.
โ ๏ธ Short-Term Strategy:
โข Short Entry: Below $66,000, targeting $63,000 with a stop loss at $67,500 to avoid a swift reversal.
This setup highlights an impending move. Watch for volatility as BTC tests these critical levels!
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