BTCUSDT (2H) —CHART).
Based on MY chart, BTC is currently trading inside a healthy ascending structure with price respecting a rising trendline and reacting from a key demand/support zone. The market recently faced rejection from the upper resistance area and is now making a controlled pullback, which is a normal behavior before continuation.
🔍 Technical Breakdown
🧭 Market Structure
Overall structure is bullish (higher highs & higher lows)
Current move is a pullback, not a trend reversal
Price is holding above the ascending trendline, which is acting as dynamic support
☁️ Ichimoku Insight
Price is hovering near the Kumo (cloud) → indicating consolidation
As long as BTC holds above the cloud base, bullish continuation remains valid
A strong bullish candle above the cloud will confirm momentum
🟦 Support & Demand Zone
Strong horizontal support around 67,800 – 68,200
This zone aligns with:
Trendline support
Previous breakout area
Cloud support
This makes it a high-probability reaction zone.
🎯 Bullish Targets (Primary Plan)
If price holds above 67,800 and shows bullish confirmation:
TP1: 69,500
TP2: 70,200
TP3: 71,000
Final Target: 71,500 🚀
📈 This aligns with previous highs and the projected measured move shown on MY chart.
📉 Bearish Scenario (Invalidation Plan)
If BTC breaks and closes below 67,500 (2H close):
TP1: 67,000
TP2: 66,500
TP3: 65,800
⚠️ A break below the trendline would temporarily shift momentum bearish.
🛑 Risk Management
Safe SL for longs: Below 67,300
Trade only after confirmation candle near support
Avoid entries in the middle of consolidation
🧠 Conclusion
Trend = Bullish
Current phase = Pullback / Accumulation
Bias = Buy from support → Sell at resistance
As long as BTC stays above 67,800, 71,500 remains the main upside target.
Based on MY chart, BTC is currently trading inside a healthy ascending structure with price respecting a rising trendline and reacting from a key demand/support zone. The market recently faced rejection from the upper resistance area and is now making a controlled pullback, which is a normal behavior before continuation.
🔍 Technical Breakdown
🧭 Market Structure
Overall structure is bullish (higher highs & higher lows)
Current move is a pullback, not a trend reversal
Price is holding above the ascending trendline, which is acting as dynamic support
☁️ Ichimoku Insight
Price is hovering near the Kumo (cloud) → indicating consolidation
As long as BTC holds above the cloud base, bullish continuation remains valid
A strong bullish candle above the cloud will confirm momentum
🟦 Support & Demand Zone
Strong horizontal support around 67,800 – 68,200
This zone aligns with:
Trendline support
Previous breakout area
Cloud support
This makes it a high-probability reaction zone.
🎯 Bullish Targets (Primary Plan)
If price holds above 67,800 and shows bullish confirmation:
TP1: 69,500
TP2: 70,200
TP3: 71,000
Final Target: 71,500 🚀
📈 This aligns with previous highs and the projected measured move shown on MY chart.
📉 Bearish Scenario (Invalidation Plan)
If BTC breaks and closes below 67,500 (2H close):
TP1: 67,000
TP2: 66,500
TP3: 65,800
⚠️ A break below the trendline would temporarily shift momentum bearish.
🛑 Risk Management
Safe SL for longs: Below 67,300
Trade only after confirmation candle near support
Avoid entries in the middle of consolidation
🧠 Conclusion
Trend = Bullish
Current phase = Pullback / Accumulation
Bias = Buy from support → Sell at resistance
As long as BTC stays above 67,800, 71,500 remains the main upside target.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.