BTCUSD Bullish Support Retest Eyes 65,585 BreakoutBTCUSD 15M Technical Analysis
Bias: Bullish
BTCUSD is consolidating after a strong impulsive move higher from the 59,000 area. Price has formed a short-term support zone around 62,680, indicating buyers are defending the recent breakout structure.
Key Observations
Strong bullish momentum created a higher-high structure.
Price is currently moving sideways, suggesting accumulation rather than distribution.
The marked support zone near 62,680 aligns with the recent breakout area.
As long as price remains above support, the bullish trend remains intact.
Trade Setup
Entry Zone: 62,680 (support retest)
Stop Loss: 61,575
Target: 65,585
Bullish Scenario
A successful retest of the support area followed by bullish candlestick confirmation could trigger the next leg higher toward 65,585. The risk-to-reward profile remains favorable while price holds above the stop-loss region.
Bearish Risk
If BTCUSD breaks and closes below 61,575, the bullish setup becomes invalid, potentially opening the door for a deeper correction toward lower support levels.
Conclusion
BTCUSD remains in a bullish continuation structure on the 15-minute timeframe. Traders should monitor the 62,680 support zone for buying opportunities, targeting 65,585 while maintaining risk below 61,575.
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BTCUSD Bullish Channel Breakout Targeting 70KBTC/USD Bullish Channel Breakout Setup
Price on Bitcoin / USD is moving inside a clear ascending channel, showing steady bullish momentum after the recent recovery from the lows.
🔍 Technical View:
Price respected the lower trendline support multiple times, confirming buyers are defending the trend.
The market is now testing the upper boundary of the channel around 69,900.
A bullish breakout above 69,900 – 70,000 could trigger the next impulsive move upward.
The highlighted zone around 68,500 acts as intraday support, where buyers previously stepped in.
📈 Bullish Scenario:
If price holds above 68,500 and breaks the channel resistance,
Momentum could push BTC toward the 69,900 – 70,000 target zone.
⚠️ Risk Scenario:
A break below 68,500 may lead to a pullback toward the lower channel support before continuation.
🎯 Key Levels
Support: 68,500
Resistance: 69,900
Target: 69,900 – 70,000
BTCUSD Rejection at Channel Resistance – Short-Term Bearish SetuMarket Structure
Price was moving inside a rising channel, respecting higher highs and higher lows.
A strong impulsive move pushed price into the upper channel resistance + horizontal supply zone.
Clear rejection formed at resistance (multiple wicks + hesitation), signaling seller presence.
📉 Trade Idea (As Marked)
Entry: Near 67,970 – 68,000 resistance zone
Stop Loss: Above 68,275 (structure + supply invalidation)
Target: Around 67,014 (channel mid / demand area)
📊 Confluence Factors
Channel resistance alignment
Horizontal supply zone
Liquidity sweep above minor highs
Weak bullish follow-through after breakout attempt
🎯 Expectation
Price may form a lower high and rotate downward toward the mid-to-lower channel region near 67,000.
If price breaks and holds above 68,275, bearish setup becomes invalid and continuation higher is likely.
BTCUSD Ascending Channel Breakout SetupTechnical Overview:
Price respected the ascending channel support and printed a strong reaction.
A marked support zone (65,400–65,600) aligns with the channel base.
Current consolidation suggests accumulation before continuation.
Higher lows structure remains intact.
🎯 Trade Structure:
Entry: Around 65,850
Stop Loss: Below 65,500 (under support zone)
Target: 67,280–67,400 (channel resistance)
Potential upside: ~1.3% move (~850+ points)
📌 Outlook:
As long as BTC holds above the 65.5K support region, bullish continuation toward the upper channel boundary remains favored. A breakdown below support would invalidate the setup and shift momentum bearish.
BTCUSD Bullish Consolidation at Support – Breakout Target 69.4K🎯 Trade Structure
Entry: ~68,866
Stop Loss: ~68,600–68,700 zone
Target: ~69,420
RR around 1:2.5–1:3 (solid intraday play)
Target aligns with:
Equal highs liquidity
Minor resistance / psychological 69.4k area
Channel upper boundary
🚨 Invalidation
Clean 15M close below support box (~68.6k)
Breakdown of consolidation with volume expansion to downside
If that happens, we likely retrace deeper into channel mid-range.
Bias
As long as BTC holds above that support block, buyers are defending aggressively. This looks like bullish continuation loading, not distribution.
You aiming for quick scalp to liquidity or holding for breakout above 69.5k
BTCUSD 30M: Bullish Reversal From 66K Support Targeting 90K ExpaStrong selloff earlier created a liquidity sweep below recent lows.
Sharp V-shaped recovery suggests aggressive buyer reaction.
Current consolidation forming above 66,300–66,500 support zone.
Price reclaiming 68,800 area = early bullish confirmation.
📌 Key Levels
Entry Zone: 68,600–68,800
Support / Invalidation: 66,300
Major Target: 90,300 area
Risk-to-reward on this setup is very attractive if structure holds.
📈 Scenario Outlook
If BTC holds above 66K and builds higher lows on the 30M timeframe:
Expect continuation toward 74K → 80K → 90K macro target.
Momentum suggests accumulation phase rather than distribution.
However…
If price closes back below 66,300 with strong volume:
This bullish idea becomes invalid.
Likely revisit 64K liquidity zone.
🧠 Overall Bias
Short-term bullish continuation setup inside a larger recovery attempt.
Buyers currently defending structure — but confirmation requires sustained higher highs.
ELLIOT WAVE COULD SEE A 10.2K retracesWhile many are panicking; Im literally dumping everything I have into $BTC as I know what's about to happen-- when a selloff this huge with news this bad (both economic/social) usually one thing follows && for confirmation just keep an eye on price of $GLD which parallels #BTC, with a delay ofc. Always set your stop-losses! 10% (with the 12.8% selloff) is appropriate.
Now BOOMS N BUSTS FOLKS REMEMBER
Stop. Breath. Don't panic. Don't FUD.
We have a clear and visible Elliot Wave (not from this publication but check this img:
pbs.twimg.com
NOW Compare/contrast with this one:
pbs.twimg.com
STOP LOSSES SET @ red line
TP1 & TP2 -- yellow lines
DISCLAIMER:
TRADE CAREFULLY. DO NOT GET GREEDY. DO NOT TRADE WITH YOUR GUT, USE YOUR HEAD!
TP3 AKA SHORTSELL / PIVOT LINE AT GREEN
Have you seen San Andreas? =)#VolatilityWatch
Text shown in the chart details my thoughts on current trend/ pattern analysis.
Bitcoin bounced sharply off long-term level of support. The symmetry within the #currency is beautiful.
Pattern suggest that the triangle filled with pink will be the range of support and resistance for now.
From a long term perspective, looking for break of this $11,800 (current resistance) for potential move back to $12,500. Then looking for short
opportunity to ride wave 3 down =)
** Like and follow my money moves with stocks and crypto +)
Disclosure : Thoughts expressed on this chart are my own. I may buy/ sell within the next 72 hours. This is not a note to buy or sell. Please do your homework before investing.








