$BTC #Technical_Analysis 💥🚀
Market Structure:
Price at $69,300 with a strong +7.55% daily move, breaking above a key consolidation zone. The red descending trendline (drawn on chart) is being tested/broken — critical inflection point.
Key Levels👇🏻
|Level Significance |
|---------------------|----------------|
$71,046 - $73,032 - Major resistance zone .
$69,300 - Current price / breakout test.
$66,049 - $65,966 - Strong support block
$63,769 - 24H Low / last swing low.
Indicators👇🏻
∙ Ichimoku Cloud being reclaimed — bullish signal
∙ RSI ~80 — overbought, pullback risk imminent
∙ Volume surge confirms momentum
∙ Order book: 62.61% Bids — buyer dominance
Trade Setups👇🏻
🟢 LONG
∙ Entry: $68,800–$69,000 (retest on pullback)
∙ Target: $71,046 → $73,032
∙ Stop Loss: $66,800
∙ R:R: ~2.5:1
🔴 SHORT
∙ Entry: $71,500–$73,000 (resistance rejection)
∙ Target: $68,500 → $66,049
∙ Stop Loss: $74,200
∙ R:R: ~2:1
⚠️ RSI overbought — wait for confirmation before entering long. Short only on clear rejection candle at resistance. #Write2Earn #Marketpullback #BTCUSDTAnalysis
