๐$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.
๐น Trade Setup (Short-Term)
โ Entry Zone: 65,400 โ 65,900
๐ฏ Take Profit (TP):
โข TP1: 66,500
โข TP2: 67,200
โข TP3: 68,000
๐ Stop Loss: 64,200
๐ Key Levels:
Support: 64,300
Resistance: 66,800 โ 68,600
โ ๏ธ Trade with proper risk management. Market is still volatile after the sharp move, so avoid over-leverage and wait for confirmation before entering.
$BTC
#TrumpNewTariffs
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.
๐น Trade Setup (Short-Term)
โ Entry Zone: 65,400 โ 65,900
๐ฏ Take Profit (TP):
โข TP1: 66,500
โข TP2: 67,200
โข TP3: 68,000
๐ Stop Loss: 64,200
๐ Key Levels:
Support: 64,300
Resistance: 66,800 โ 68,600
โ ๏ธ Trade with proper risk management. Market is still volatile after the sharp move, so avoid over-leverage and wait for confirmation before entering.
$BTC
#TrumpNewTariffs
