📉 BTCUSDT Long-Term Analysis
Hi guys,
On June 16, I shared a BTCUSDT analysis and highlighted a potential selling zone on the M15 timeframe. The market later respected that area around 66,950 and delivered a move of approximately 4,700-4,800 points.
Today, I'm sharing another setup with updated Entry, Stop Loss, and Take Profit levels.
Sorry for the slight delay in posting this analysis.
📌 Direct entry is still valid based on the current setup.
📌 For traders looking for a re-entry opportunity, consider waiting for the 63,560 area.
Why Am I Watching This Zone?
✅ This level acted as a strong resistance multiple times in the past.
✅ After breaking above it, the market has returned and is now showing resistance behavior again.
✅ On the M15 timeframe, market structure has shifted from bullish to bearish.
✅ Price has also broken below the trendline, adding further bearish confirmation.
As always, manage your risk carefully and trade according to your own strategy.
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What are your thoughts on BTCUSDT from here? Let me know in the comments.
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