$BTC
USDT BULLISH MOMENTUM BUILDING — BREAKOUT LIKELY IF RESISTANCE HOLDS WEAK 🚀
The chart shows a steady uptrend on the 1H timeframe with higher highs and higher lows forming. Price has recently tested the resistance zone near 68,700 and pulled back slightly, indicating minor profit-taking. However, strong buying pressure and consistent volume suggest continuation toward the upside. If price sustains above 68,000, a breakout is highly probable.
Trade Setup:
Entry (Long): 68,200 – 68,400
Take Profit (TP):
TP1: 68,800
TP2: 69,500
TP3: 70,200
Stop Loss (SL): 67,600
Alternative Short (if breakdown occurs):
Entry: Below 67,600
TP: 66,800
SL: 68,200
Market Outlook:
The market structure remains bullish in the short term, supported by strong trend continuation and higher support levels. A clean breakout above resistance could trigger momentum buying, while a breakdown below 67,600 would invalidate the bullish setup.
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