The chart represents the price action of Bitcoin (BTC) against Tether (USDT) on Binance. It shows two key scenarios based on price movements at the resistance level of 65,500:
1. Bullish Scenario (Green Arrow):
- If Bitcoin breaks above the 65,500 resistance level, it is expected to continue rising towards the 72,000 mark.
2. Bearish Scenario (Red Arrow):
- If Bitcoin faces rejection at the 65,500 level, there is potential for it to fall, with a target around the 53,000 support level.
This suggests a critical point in Bitcoin's price action where traders should watch closely for a breakout or a rejection.
