BTCUSDT Long: From Range to Rally - Bitcoin Turns Bullish

Apr 6

Hello traders! Here’s my technical outlook based on the current BTCUSDT (2H) chart structure. BTC previously moved inside a descending channel. After a breakout from the channel, price formed a consolidation range, signaling accumulation.

Currently, price is trading above the 69,000 demand zone after a breakout from the range, showing early signs of bullish momentum. The market is now approaching the 71,000 supply zone, which acts as a key resistance level.

As long as BTCUSDT holds above the 69,000 support and maintains the breakout structure, the bullish bias remains valid. A move higher could target the 71,000 resistance. Manage your risk!

Apr 7

Trade active

We are currently seeing a correction movement that has fallen just below the support line. Let's see how the market will behave further and whether the upward movement will continue?

Apr 8

Trade closed: target reached

As we can see, after falling slightly below the support, buyers reacted strongly and the price rose to our target.