BTC has successfully broken above a key descending trendline on the 4H timeframe, indicating potential shift in short-term market structure.
Price is currently holding above the breakout zone near 69k, showing signs of strength.
If BTC maintains support above this level, we can expect continuation towards 71k and 72k resistance areas.
The breakout level around 68.5k will act as an important support zone. Holding above this level keeps bullish momentum intact, while rejection below 67k could signal a false breakout.
Key Levels:
Support: 68.5k / 67k
Resistance: 71k / 72k
Watching for confirmation and continuation move after breakout.
Trade safe and manage risk properly.
Price is currently holding above the breakout zone near 69k, showing signs of strength.
If BTC maintains support above this level, we can expect continuation towards 71k and 72k resistance areas.
The breakout level around 68.5k will act as an important support zone. Holding above this level keeps bullish momentum intact, while rejection below 67k could signal a false breakout.
Key Levels:
Support: 68.5k / 67k
Resistance: 71k / 72k
Watching for confirmation and continuation move after breakout.
Trade safe and manage risk properly.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.