BTCUSDT: Triangle Pattern on BTC - Watching 68K Resistance

5 days ago

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

Market Analysis

BTC previously traded inside a downward channel, confirming bearish pressure with consistent lower highs. After a breakout from the channel, price entered a range, showing consolidation and accumulation.Following this, the market formed a triangle structure, where price is compressing between a descending resistance line and a rising support line.

Currently, price is approaching the 68,000 resistance zone, while holding above the 66,300 support zone, with structure tightening.

My Scenario & Strategy

As long as BTCUSDT holds above the 66,300 support and continues respecting the triangle structure, a bullish breakout remains possible. A move above the 68,000 resistance could trigger continuation toward higher levels (TP1).

However, if price breaks below 66,300, the bullish scenario would weaken and downside pressure could return.

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

4 days ago

Trade closed: target reached

The triangle pattern broke through to the upside, as we expected. Target achieved. Congratulations everyone!