$BTC Trading Analysis
Market Structure:
$BTC is currently consolidating in a downward trend but has found support at 68,153. The momentum shows potential for a reversal if price holds above this level.
Price Action Behavior:
Price action has formed a base around the 68,153 support. A breakout above recent consolidation could trigger a bullish move.
Trade Setup (Long):
Entry Zone: 68,180 - 68,400
Target 1: 70,000
Target 2: 70,500
Target 3: 71,000
Stop Loss: 68,000
Look for a confirmation of support at 68,153. A break above this zone with increasing volume would signal a strong upward move.
#BTC #Binance #crypto #trading #ShahjeeTraders1 $BTC
BTCUSDT
Perp
66,225.1
-0.78%