BTCUSDT Long: Rebound From Demand Could Lead to 81,000

May 14

Hello traders! Here’s my technical outlook based on the current BTCUSDT (1H) chart structure. Bitcoin previously traded inside a range before breaking higher and forming an ascending channel. After reaching a major pivot point near the upper trendline, price reversed and began a corrective move.

Currently, BTCUSDT is holding above the 79,100 demand zone, which aligns with the long-term ascending trendline and acts as key support. At the same time, the 81,000 supply zone remains the main resistance to watch.

As long as BTCUSDT remains above the 79,100 support level and respects the ascending trendline, the bullish scenario remains valid. A continuation higher could push price toward the 81,000 resistance zone (TP1). Manage your risk!

May 15

Trade closed: target reached

Today we can already see that our analysis has yielded results. There was a rebound as we expected. Target achieved!