Hello everyone, here is my breakdown of the current BTCUSDT setup.
Market Analysis
BTCUSDT previously traded in a consolidation range, followed by multiple breakout attempts, confirming increased volatility and active participation from both buyers and sellers. After the breakout, price started forming a short-term ascending structure with higher lows, indicating building bullish pressure.
Currently, price is holding above the 70,400 support zone and approaching the 73,000 resistance, with structure showing signs of a potential breakout continuation.
My Scenario & Strategy
As long as BTCUSDT holds above 70,400 support and maintains the ascending structure, the bullish bias remains valid. A successful breakout above 73,000 could push price toward higher resistance levels as the next upside targets.
However, if price breaks below 70,400, the bullish scenario would weaken and the market could shift back into consolidation or downside movement.
That’s the setup I’m tracking. Thank you for your attention, and always manage your risk.
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