$BTC has successfully broken out of the descending channel on the 4H timeframe! We're seeing a clear Shift in Market Structure with multiple CHoCH and BOS signals confirming bullish momentum.
Price is currently holding around $65,000, testing the immediate supply zone. A solid retest of the broken trendline/demand zone around $64,200 – $64,600 could offer a high R:R long setup toward the weak high at $66,800+.
Trade Blueprint:
• Key Demand / Retest Zone: $64,200 - $64,600
• Invalidation (SL): Below $62,800
• Primary Target: $66,800
• Extended Target: $68,500
Is $BTC clearing $66.8k this week, or are we sweeping lower first?
#bitcoin #BTC #cryptotrading #priceaction #BinanceSquare
Price is currently holding around $65,000, testing the immediate supply zone. A solid retest of the broken trendline/demand zone around $64,200 – $64,600 could offer a high R:R long setup toward the weak high at $66,800+.
Trade Blueprint:
• Key Demand / Retest Zone: $64,200 - $64,600
• Invalidation (SL): Below $62,800
• Primary Target: $66,800
• Extended Target: $68,500
Is $BTC clearing $66.8k this week, or are we sweeping lower first?
#bitcoin #BTC #cryptotrading #priceaction #BinanceSquare