🚀 $BTC break resistance and target 68K: Will the rally continue?
✅ Follow-up to the previous analysis: On July 20, we said that a break above 64.8K would open the way to 66K. That scenario played out: BTC surpassed resistance and is now trading around 65.9K, confirming that buyers remain in control.
🎯 LONG scenario
✅ Entry: Daily close above 66,000 USD or a confirmed bounce in the 64,800–65,000 USD zone.
🎯 TP1: 68,000 USD
🎯 TP2: 70,000 USD
🛑 SL: 64,300 USD
📉 SHORT scenario
If BTC loses 64,800 USD with a daily close:
🎯 TP1: 63,000 USD
🎯 TP2: 60,300 USD
🛑 SL: 66,000 USD
⭐ Most likely scenario
The structure is still clearly bullish. The RSI continues above 50 and with a positive slope, reflecting healthy momentum without yet being in an extreme overbought zone. As long as BTC holds 64.8K, I consider it more likely that the move extends toward 68K than that we see a deep correction.
📌 My plan
I wouldn’t chase the price after several days of gains. I would look for a confirmed breakout above 66K or a pullback to 64.8K–65K with a buying reaction to get a better risk/reward ratio.
💬 Do you think BTC will break 68K this week, or will we see a pullback first to build liquidity before the next push?
✅ Follow-up to the previous analysis: On July 20, we said that a break above 64.8K would open the way to 66K. That scenario played out: BTC surpassed resistance and is now trading around 65.9K, confirming that buyers remain in control.
🎯 LONG scenario
✅ Entry: Daily close above 66,000 USD or a confirmed bounce in the 64,800–65,000 USD zone.
🎯 TP1: 68,000 USD
🎯 TP2: 70,000 USD
🛑 SL: 64,300 USD
📉 SHORT scenario
If BTC loses 64,800 USD with a daily close:
🎯 TP1: 63,000 USD
🎯 TP2: 60,300 USD
🛑 SL: 66,000 USD
⭐ Most likely scenario
The structure is still clearly bullish. The RSI continues above 50 and with a positive slope, reflecting healthy momentum without yet being in an extreme overbought zone. As long as BTC holds 64.8K, I consider it more likely that the move extends toward 68K than that we see a deep correction.
📌 My plan
I wouldn’t chase the price after several days of gains. I would look for a confirmed breakout above 66K or a pullback to 64.8K–65K with a buying reaction to get a better risk/reward ratio.
💬 Do you think BTC will break 68K this week, or will we see a pullback first to build liquidity before the next push?
