BTCUSDT: Holds 73K Support, Eyes 77K Resistance

Apr 15

Hello everyone, here is my breakdown of the current BTCUSDT setup.

Market Analysis

BTC previously traded inside a downward channel, forming lower highs and confirming bearish pressure. After a breakout, price found strong support and started building a recovery structure. Following this, BTC moved into an ascending channel. The market has been respecting the 73,000 support zone, confirming it as a key demand level.

Currently, price is holding above support and approaching the 77,000 resistance zone, where previous reactions indicate strong selling pressure.

My Scenario & Strategy

As long as BTCUSDT holds above the 73,000 support and respects the ascending channel, the bullish bias remains valid. A continuation higher could push price toward the 77,000 resistance (TP1) as the next upside target.

However, if price fails to hold support and breaks below 73,000, the bullish scenario would weaken and a deeper pullback could follow.

That’s the setup I’m tracking. Thank you for your attention, and always manage your risk.

Apr 16

Trade active

We see that buyers have already reacted by calling the price has reached the support zone. I expect another correction and then a move to our target!!

Apr 19

Trade closed: target reached

We can see a good result. We reached our target after which the price started to make a corrective movement. So my congratulations!