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$BTC Long: From Range to Rally - Bitcoin Turns Bullish
Hello traders! Here’s my technical outlook based on the current BTCUSDT (2H) chart structure. BTC previously moved inside a descending channel. After a breakout from the channel, price formed a consolidation range, signaling accumulation.
Currently, price is trading above the 69,000 demand zone after a breakout from the range, showing early signs of bullish momentum. The market is now approaching the 71,000 supply zone, which acts as a key resistance level.
As long as BTCUSDT holds above the 69,000 support and maintains the breakout structure, the bullish bias remains valid. A move higher could target the 71,000 resistance. Manage your risk!
$BTC #GateSquareAprilPostingChallenge