BTC/USDT is displaying strong upward momentum on the 1-hour chart, recently hitting a 24-hour high of 73,112.00 USDT. This rally showcases aggressive buying pressure, with BTC pushing towards new highs and indicating a potential breakout setup.
Current Price: 73,050.56 USDT
Entry Price: 72,800 USDT (enter on minor pullback or breakout above 73,112 USDT)
💡 CRITICAL Levels to Watch: 💡
Resistance Level: 73,112 USDT – This level serves as the immediate barrier. A clean breakout here could set the stage for the next upward move.
Support Level: 71,149 USDT – A drop below this could indicate potential weakness, leading to a further decline to the next support.
📉 Take-Profit Targets:
1. Target 1: 73,500 USDT
2. Target 2: 74,000 USDT
3. Target 3: 74,500 USDT
📉 Stop Loss: 70,900 USDT – Set this to mitigate risks if the momentum shifts downward.
⚠️ Caution: Traders should watch for signs of stability or weakness around the resistance at 73,112 USDT. A failed breakout attempt could lead to a pullback, so monitor volume and momentum indicators for a clear signal. Keep an eye on this critical zone, as BTC may either surge to new highs or face a temporary setback here.
