The 4-hour Bitcoin/TetherUS perpetual contract chart from Binance shows a symmetrical triangle pattern, indicating potential breakout points.
👍 Key levels:
🟡Support: Around 66,076.2 USDT.
🟡Resistance: Around 69,393.4 USDT.
🟡Current Price: 68,701.5 USDT, nearing the triangle's upper boundary.
➡️ The price action indicates consolidation within the triangle, with recent movement showing a +1.46% increase. The downward sloping blue trend line represents long-term resistance, while the upward trend line indicates support.
📈 Potential outcomes:
🟡Bullish: A breakout above 69,393.4 USDT could push prices above 70,000 USDT.
🟡Bearish: A breakdown below 66,076.2 USDT could target around 64,000 USDT or lower.
➡️ Traders should monitor for a breakout or breakdown to determine the next significant move.
