BTCUSDT is showing a bearish structure on the 1H timeframe, with price rejecting strongly from the 71,300–71,800 supply zone and forming lower highs. The recent upside move looks corrective, and price is failing to hold above previous demand, signaling weak bullish momentum.
The key area to watch is 68,888. A breakdown below this level confirms continuation to the downside, with liquidity resting below recent lows. The next major demand zone sits between 68,000 and 67,200, aligning with prior reactions and imbalance.
Trade Setup:
Sell below 68,888 | TP1: 68,000 | TP2: 67,222 | SL: 70,222
Bias remains bearish below 70,200; bullish control only above 71,800.
Disclaimer:
This analysis is for educational purposes only and does not constitute financial advice. Cryptocurrency trading involves significant risk, and losses may exceed your investment. Always do your own research and manage risk properly before entering any trade.
The key area to watch is 68,888. A breakdown below this level confirms continuation to the downside, with liquidity resting below recent lows. The next major demand zone sits between 68,000 and 67,200, aligning with prior reactions and imbalance.
Trade Setup:
Sell below 68,888 | TP1: 68,000 | TP2: 67,222 | SL: 70,222
Bias remains bearish below 70,200; bullish control only above 71,800.
Disclaimer:
This analysis is for educational purposes only and does not constitute financial advice. Cryptocurrency trading involves significant risk, and losses may exceed your investment. Always do your own research and manage risk properly before entering any trade.
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.
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.