đ BTC/USDT â Technical Analysis | LONG Setup
Timeframe: 1D
Bitcoin is currently trading around $76,692 and approaching the lower boundary of a descending channel.
đ Technical Analysis:
- BTC has been forming lower highs and lower lows inside a descending channel.
- Price is testing a key support zone around $76,500â$76,700.
- A bullish reaction from this support could trigger a recovery.
- A breakout above the descending trendline would provide stronger bullish confirmation.
- Increasing buying volume could support the upward move.
đŻ Bullish Target: $78,000
đ Key Levels:
- Support: $76,500
- Resistance: $77,150
- Breakout confirmation: Above descending trendline
- Target: $78,000
My Bias: LONG đ
If buyers defend the current support and BTC reclaims resistance, a move toward $78K is possible.
â ïž Wait for confirmation. A daily close below support could invalidate the bullish setup.
$BTC
#BinanceReopensWithdrawalsForMoreAssets #BTCè”°ćżćæ $
Timeframe: 1D
Bitcoin is currently trading around $76,692 and approaching the lower boundary of a descending channel.
đ Technical Analysis:
- BTC has been forming lower highs and lower lows inside a descending channel.
- Price is testing a key support zone around $76,500â$76,700.
- A bullish reaction from this support could trigger a recovery.
- A breakout above the descending trendline would provide stronger bullish confirmation.
- Increasing buying volume could support the upward move.
đŻ Bullish Target: $78,000
đ Key Levels:
- Support: $76,500
- Resistance: $77,150
- Breakout confirmation: Above descending trendline
- Target: $78,000
My Bias: LONG đ
If buyers defend the current support and BTC reclaims resistance, a move toward $78K is possible.
â ïž Wait for confirmation. A daily close below support could invalidate the bullish setup.
$BTC
#BinanceReopensWithdrawalsForMoreAssets #BTCè”°ćżćæ $
