Bitcoin Near Key Resistance - Short-Term Pullback Risk To 73,400

Apr 17

Hello traders! Here’s my technical outlook based on the current BTCUSDT (3H) chart structure. BTC moved within a range and repeatedly reacted to the resistance line, confirming strong supply. After a drop to support, price formed a base and broke out upward from the range. The market then shifted into an ascending structure with higher lows, showing growing bullish momentum. Currently, price is holding above the 73,400 support and approaching the 76,000 resistance. BTC is also forming a tightening structure between ascending support and descending resistance, indicating possible breakout pressure. As long as BTCUSDT remains below 76,000, the bearish scenario is valid. A rejection from this zone could push price back toward 73,400 (TP1). Please share this idea with your friends and click Boost 🚀

Apr 19

Trade active

As you can see, the price went a little higher than I expected and since then it has been correcting. Let's see how low the price corrects.

Apr 21

Trade closed: target reached

The current price pullback has reached the level of 73.750. This is also a good result. Already at this level, buyers reacted and pushed the price back.