đ¨ Get readyâ$BTC /USDT is on the brink of a major move! đ¨
Bitcoin is currently navigating a tight upward channel, trading at 68,270 USDT, and showing strong signs of accumulation. As it approaches the upper resistance boundary, all eyes are on potential breakout or rejection!
đĄ Key Levels to Watch:
Resistance: 68,700 USDT â A clean break above this could ignite a rally toward 70,000 USDT and beyond!
Support: 67,000 USDT â If Bitcoin drops below this, we could see it test the lower channel around 65,500 USDT.
đ Entry Strategy:
Long Position: Look to enter around 68,300 USDT on a breakout confirmation above resistance. Aim for profits at 70,000 USDT with a Stop Loss at 67,000 USDT to manage risk.
Short Position: Consider entering on a rejection near 68,700 USDT, targeting 67,000 USDT with a Stop Loss at 69,000 USDT.
With high volatility expected, ensure your risk management strategies are in place!
Current Price: 68,236.03 USDT (-0.32%)
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