BTCUSDT BREAKOUT OR REJECTION?
🔹 Current Situation:
Bitcoin is once again testing the top of its long-standing channel, currently around $69,000. Here are the two primary scenarios to monitor:
🔹 Bullish Breakout Path:
If BTC successfully breaks through the channel top and clears the previous high of $69,600, it may initiate a move toward the $71,000–$72,000 zone. The expected sequence in this scenario is:
🔹 Bearish Breakdown Path:
On the downside, a break below $67,500 could signal weakness and shift momentum towards a deeper decline. In this case:
First Target: $63,700
🔹 Divergences:
Bearish divergences are forming across multiple timeframes, suggesting potential downside pressure if a breakout fails.
Disclaimer:
⚠️ This is not financial advice! All information provided is for educational purposes only. Always conduct your own research before making any investment decisions. Trading carries a high risk and may result in the loss of capital.
Bitcoin is once again testing the top of its long-standing channel, currently around $69,000. Here are the two primary scenarios to monitor:
🔹 Bullish Breakout Path:
If BTC successfully breaks through the channel top and clears the previous high of $69,600, it may initiate a move toward the $71,000–$72,000 zone. The expected sequence in this scenario is:
- Initial test of the $69,600 high
- Retest of the channel top as support
- Strong rally toward the $71,000–$72,000 target zone
🔹 Bearish Breakdown Path:
On the downside, a break below $67,500 could signal weakness and shift momentum towards a deeper decline. In this case:
First Target: $63,700
🔹 Divergences:
Bearish divergences are forming across multiple timeframes, suggesting potential downside pressure if a breakout fails.
Disclaimer:
⚠️ This is not financial advice! All information provided is for educational purposes only. Always conduct your own research before making any investment decisions. Trading carries a high risk and may result in the loss of capital.
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