🚨 $BTC /USDT HITS KEY LEVELS – ARE WE ON THE EDGE OF A BREAKOUT? 🚨
$BTC /USDT is trading at 67,225.01 USDT, up by 0.24%, as it moves within a consolidation phase. Recent price action saw Bitcoin climb from a low of 66,744.00 USDT to a high of 67,454.55 USDT, with the current range suggesting a potential breakout or pullback.
🔍 Key Levels to Watch:
Resistance: 67,454.55 USDT – This recent high is a key barrier. A breakout above could fuel momentum, with targets around 68,000 USDT.
Support: 66,866.10 USDT – Holding this support level is essential for maintaining bullish momentum. If BTC falls below, look for further support at 66,500 USDT.
📈 Entry Strategy:
Short-Term Long Entry: Consider an entry around 67,250 USDT, aiming for a quick move to 67,500 USDT. Set a stop loss at 67,000 USDT to manage downside risk.
Long-Term Long Entry: For a more extended play, an entry near 66,900 USDT could target 68,000 USDT if a bullish breakout occurs. Use a stop loss at 66,700 USDT.
⚠️ Short Position (if rejection occurs):
If $BTC struggles at 67,454.55 USDT, a short entry around 67,400 USDT could aim for 66,800 USDT on a pullback. Place a stop loss above 67,500 USDT to protect the position.
BTC/USDT is testing critical levels, making this a pivotal moment. Stay alert for increased volume and confirmation before the next big move!
