đ¨ $BTC /USDT Facing Pivotal Resistance â Explosive Move Imminent? đ¨
Bitcoinâs current price action is testing a critical zone, hovering around 68,505.74 USDT. On the 4-hour chart, we can clearly see an upward trend channel, with BTC inching toward the upper boundary of the channel. Hereâs what you need to know:
đ Key Resistance: 68,772.70 USDT â A breakout above this level could trigger a rally toward the 70,000 USDT mark. Bulls are eyeing this level for confirmation of strength.
đ Strong Support: 68,080 USDT â If BTC breaks down below this support, expect a test of the lower trendline, around 66,000 USDT.
đĄ Entry Strategy:
⢠Long Entry: Above 68,800 USDT, targeting 70,500 USDT with a tight stop loss at 68,200 USDT.
⢠Short Entry: Below 68,000 USDT, targeting 66,000 USDT, with a stop loss at 68,600 USDT.
â ď¸ Caution: Momentum appears to be stalling, and a false breakout could lead to sharp reversals. Stay alert and manage your risk accordingly.
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