BTC is consolidating below the descending trendline and trading very close to the major resistance zone. ๐ Key Resistance Zone: $67,000 โ $69,200 This area will determine the trend. ๐ข Bullish Scenario: If BTC closes strongly above $69.2K on the daily: First target $72K Next $75K โ $78K area A short squeeze may also occur ๐ ๐ด Bearish Scenario: If rejection occurs here: Price may test $63K again If $60K breaks down, a dump to $55K โ $52K is possible โ ๏ธ The market will first grab liquidity and then give a clear direction. Be sure to wait for confirmation of the trendline breakout. ๐ฐ Risk Management: Use only 2-3% of your capital. Avoid over-leverage. #BTC #Bitcoin #BTCUSDT #CryptoUpdate #Breakout
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๐จ BTCUSDT Update โ Breakout or Fakeout? ๐จ
BTC is consolidating below the descending trendline and trading very close to the major resistance zone.
๐ Key Resistance Zone: $67,000 โ $69,200
This area will determine the trend.
๐ข Bullish Scenario:
If BTC closes strongly above $69.2K on the daily:
First target $72K
Next $75K โ $78K area
A short squeeze may also occur ๐
๐ด Bearish Scenario:
If rejection occurs here:
Price may test $63K again
If $60K breaks down, a dump to $55K โ $52K is possible
โ ๏ธ The market will first grab liquidity and then give a clear direction.
Be sure to wait for confirmation of the trendline breakout.
๐ฐ Risk Management:
Use only 2-3% of your capital.
Avoid over-leverage.
#BTC #Bitcoin #BTCUSDT #CryptoUpdate #Breakout