BTCUSDT: Preparing for a Bullish Bounce Within Channel To 68,800

Apr 2

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

Market Analysis

BTC previously traded inside a downward channel, forming lower highs and confirming sustained bearish pressure. After a breakout from this structure, BTC established an upward channel, creating higher lows and signaling a gradual shift toward bullish momentum.

Currently, price is trading below the 68,800 resistance zone and holding above the 65,500 support zone, with the structure showing a potential continuation within the ascending channel.

My Scenario & Strategy

As long as BTCUSDT holds above the 65,500 support and respects the upward channel, the bullish bias remains valid. A continuation higher could push price toward the 68,800 resistance, which is the primary upside target (TP1).

However, if price breaks below 65,500, the bullish scenario would weaken and a deeper pullback could follow.

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

7 days ago

Trade active

We see that the price is gradually starting to recover. I hope that buyers will become more active at this stage and we will achieve our goals.

5 days ago

Note

At the moment we see price consolidation ahead of the upcoming move. So we wait.

4 days ago

Trade closed: target reached

So we waited for our movement after the cosmodrome. Target received. The analysis worked very well!