đ¨ $BTC /USDT ON THE EDGE OF A MAJOR MOVE! đ¨
The Bitcoin price is tightly following an upward channel, with clear signs of accumulation. Currently, BTC/USDT is trading at 68,270 USDT, nearing the upper resistance boundary. The pattern shows significant upward momentum, but we need to watch for potential rejection.
đĄ Key Levels to Watch:
⢠Resistance: 68,700 USDT â If Bitcoin breaks this resistance cleanly, expect a surge toward 70,000 USDT and beyond.
⢠Support: 67,000 USDT â A drop below this could see BTC testing the lower channel near 65,500 USDT.
đ Entry Strategy:
⢠Long Position: Consider entering around 68,300 USDT on the breakout confirmation above resistance. Target profits at 70,000 USDT with a Stop Loss at 67,000 USDT to limit downside risk.
⢠Short Position: Enter on rejection near 68,700 USDT, with a target at 67,000 USDT and Stop Loss at 69,000 USDT.
Both scenarios suggest a high volatility period ahead, so ensure risk management is in place!
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