Hello


traders! Here’s my technical outlook based on the current BTCUSDT (1H)
chart structure. BTCUSDT previously traded inside a consolidation range
before breaking below support and extending its bearish move. After
reaching a local bottom, price reversed higher and formed a broad
ascending channel, confirming a recovery phase. However, buyers lost
momentum near the upper boundary, leading to a fresh breakdown.
Currently, BTCUSDT is trading near the 61,800 Buyer Zone while remaining
below the 66,000 Seller Zone. The recent break below channel support
accelerated selling pressure and pushed price back toward a major
support area. As long as BTCUSDT remains above the 61,800 Buyer Zone, a
short-term recovery scenario remains valid. A bounce from current levels
could drive price toward the 66,000 Resistance Zone (TP1). Please share
this idea with your friends and click “Boost” 🚀
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
Add a comment
Add a comment
No comments
  • Pinned