$BTC – Testing the Resistance Zone!

Trade setup:

🔻Short Entry: If BTC fails to break above $70,029, consider a short position with an initial target around $69,000 for a quick pullback..

Stop-Loss: For shorts, place a stop above $70,100.

Trend: Strong Bullish Momentum

Key Levels:

Resistance: $70,029.66 (top of Mean Reversion )

Support: $66,454.01 (bottom channel boundary)

Setup Summary:

$BTC is currently testing the upper boundary of the Mean Reversion Channel, which often acts as a resistance level. A breakout above this could trigger further upside momentum, while a rejection here may signal a temporary pullback. The Stochastic RSI is overbought, indicating that buyers might soon face resistance.

BTC has reached the top boundary, a crucial resistance area where selling pressure might increase.

Stochastic RSI: In the overbought zone, suggesting potential retracement if momentum weakens.

🔥 Quick Tip: Watch for either a breakout or rejection at this level. A breakout may open the door to new highs, while a rejection could provide an excellent short opportunity!#BTC☀ #BTCanalysis