🚨 $BTC /USDT 15-Minute Chart Trading Signal 🚨

Bitcoin is currently trading at 68,529.81 USDT on the 15-minute chart, showing a potential for continuation within recent levels. The Fibonacci retracement levels provide a clear roadmap for potential take-profit and support zones in case of retracement.

Key Levels and Trade Setup:

Resistance: 68,800 USDT – BTC is approaching this resistance zone. A breakout above this level could indicate strong bullish momentum.

Support: 68,300 USDT – A critical support level, holding this will maintain BTC’s upward potential within the retracement structure.

Trade Entry and Targets:

Entry: Initiate a long position around the current price, 68,529.81 USDT, with the market indicating steady upward pressure near support.

Take Profit (TP) Targets:

TP1: 68,650 USDT – This short-term target aligns with recent highs, where light profit-taking might occur.

TP2: 68,800 USDT – Aiming for the next resistance level to capture an extended move.

TP3: 68,950 USDT – A stretch target in case BTC pushes beyond resistance, signaling sustained bullish momentum.

Stop Loss (SL): 68,200 USDT – Placing it just below the support level to protect against a deeper retracement.

Summary:

BTC/USDT is positioned for a potential rally if it can maintain support around 68,300 USDT and push through the 68,800 USDT resistance. With targets set close to current levels, this setup allows for quick trade execution while managing downside risk with a tight stop loss at 68,200 USDT.

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