#BTC/USDT Update – Price at Critical Resistance
The chart structure remains unchanged from our previous update.
🔸 After entry, price dipped ~5% below our zone, but has now printed a strong bullish candle, signaling potential upside momentum.
🔸 However, Bitcoin is currently trading at the upper boundary of the ascending channel, acting as resistance.
Key Level to Watch:
If the HTF candle closes above $99,500, it will signal strength, and I’ll consider closing short positions and initiating fresh long setups.
Important Note:
The current pattern resembles a liquidity trap, not a clean bullish continuation. That’s why I remain cautious.
✅ Plan:
🔸 Wait for confirmation > $99,500
🔸 Use tight stop-loss – no blind trades.
Stay sharp, monitor price action closely.
The chart structure remains unchanged from our previous update.
🔸 After entry, price dipped ~5% below our zone, but has now printed a strong bullish candle, signaling potential upside momentum.
🔸 However, Bitcoin is currently trading at the upper boundary of the ascending channel, acting as resistance.
Key Level to Watch:
If the HTF candle closes above $99,500, it will signal strength, and I’ll consider closing short positions and initiating fresh long setups.
Important Note:
The current pattern resembles a liquidity trap, not a clean bullish continuation. That’s why I remain cautious.
✅ Plan:
🔸 Wait for confirmation > $99,500
🔸 Use tight stop-loss – no blind trades.
Stay sharp, monitor price action closely.
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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.
Twitter: twitter.com/CryptoPatel
Telegram: t.me/OfficialCryptoPatel
Instagram: instagram.com/cryptopatel?utm_medium=copy_link
Telegram: t.me/OfficialCryptoPatel
Instagram: instagram.com/cryptopatel?utm_medium=copy_link
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.