📊$BTC /USDT Market Update
Bitcoin faced a strong rejection near the 68.6K resistance zone and experienced a sharp pullback toward the 64.3K support area. After the liquidation wick, price showed a quick bounce, indicating buyers are defending the lower demand zone. Currently, BTC is attempting a short-term recovery but still trading below key moving averages, which means volatility may continue.
Market structure suggests a possible relief bounce if price holds above support, while failure to maintain momentum could lead to another retest of lower levels.
🔹 Trade Setup (Short-Term)
✅ Entry Zone: 65,400 – 65,900
🎯 Take Profit (TP):
• TP1: 66,500
• TP2: 67,200
• TP3: 68,000
🛑 Stop Loss: 64,200
📌 Key Levels:
Support: 64,300
Resistance: 66,800 – 68,600
⚠️ Trade with proper risk management. Market is still volatile after the sharp move, so avoid over-leverage and wait for confirmation before entering.
$BTC
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{future}(BTCUSDT)