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$BTC /USDT – Current Price: $68,853.7
Bitcoin is trading near a critical support zone after the recent bullish momentum. Price consolidation indicates the potential for continued upward movement if buyers maintain the demand area. Momentum remains cautious and bullish above support.
Support: $67,500 – $68,200
This is a strong demand zone where buyers may step in. Staying above it keeps the bullish scenario intact.
Resistance: $70,500 – $71,800
This is the nearest supply zone. A breakout above $71,800 could trigger additional bullish momentum.
Enter (Long): $68,200 – $68,900 after confirming bullish momentum with (a strong candle close or increased volume).
Targets:
Target 1: $70,200
Target 2: $71,500
Target 3: $73,000 if momentum continues.
Stop Loss: $66,800 (below the main support).
Leverage: 3x–5x recommended for proper risk management.
Cancel the trade: A daily close below $66,800 cancels the bullish setup and indicates downside risk.
Always manage risk carefully.