@Bitcoin Testing Intraday Highs – Breakout or Fakeout?
$BTC USDT on Binance is currently trading around 66,875 after printing a strong intraday recovery from the 66,000 zone. Price action on the 15m chart shows a clear higher low structure followed by consecutive bullish candles pushing toward the 67,000 psychological resistance.
Key Resistance levels:
67,000 – immediate psychological barrier
68,385 – 24h High and major short-term resistance
Key Support levels:
66,200 – minor intraday structure support
66,000 – strong psychological and liquidity zone
65,081 – 24h Low and downside invalidation level
Momentum Structure:
The sharp bullish impulse from below 66,000 suggests buyers stepped in aggressively. The strong green candles indicate short-term bullish momentum. Although RSI and MACD are not directly visible, the acceleration phase implies RSI is likely approaching overbought territory on lower timeframes. That means continuation is possible, but a pullback to retest support would be healthy.
Market Sentiment:
Short-term sentiment is bullish, but price is approaching resistance. Break above 67,000 with strong volume could open the path toward 68,385. Failure here may trigger consolidation.
Strategy:
Trade with confirmation. Conservative traders should wait for a breakout and retest above 67,000 before entering long. Aggressive traders may look for pullback entries near 66,200–66,000 with tight risk management. If price loses 66,000, short-term bias turns neutral to bearish.
Recommendation: Wait for confirmation before entering.
Are you expecting a clean breakout above 67K, or do you see a rejection coming?
Not Financial Advice (NFA)
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