BTC ANALYSIS AND SETUP 📈‼️🚀 #BTC $BTC

$BTC has been trading over its support zone between 69,530 – 69,300 for the last 30 hours. This level has proven to be a strong demand zone where buyers continue to step in, preventing further downside. On the upside, BTC has encountered consistent resistance between 71,445 – 72,000, which led to a previous rejection.

Key Levels:

Support Zone: 69,530 – 69,300

Resistance Zone: 71,445 – 72,000

Previous Bounce High: 71,660

BTC Trade Setup:

Click Here To Open Position 👇

BTCUSDT

Perp

69600

-1.25%

Current Price: 69480

Entry: Long position if BTC holds above 69,530, with confirmation from bullish price action.

Stop-Loss: Place a stop-loss below 68,700 to protect against downside risks.

Targets:

1. Target 1 (T1): 70,500

Quick profit target near minor resistance.

2. Target 2 (T2): 71,445

The key resistance zone. Watch for signs of weakness here.

3. Target 3 (T3): 71,660

The previous local high, offering a solid mid-term profit opportunity.

4. Target 4 (T4): 72,000

A breakout above this critical resistance could trigger a rally toward 72,500 – 73,000.

Risk/Reward Considerations:

Risk Management: Conservative traders should place stops below 68,700 to limit losses. A breakdown below this zone could lead to a retest of lower levels.

Volume Confirmation: Look for rising volume as BTC approaches resistance. Strong volume on a breakout signals bullish strength.

NOTE: I am not a financial advisor so invest at your own risk

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