Hello everyone,
This BTC/USDT chart reflects a powerful structural shift in market momentum. Initially, Bitcoin showed a fake bearish breakout below a key support zone. However, the move lacked follow-through, and buyers quickly stepped in to invalidate the breakdown.
Bulls then broke above a major resistance level, flipping it into support. Price pushed to a new local high before retracing to retest the breakout zone, which held firm. Interestingly, BTC also retested two previous support areas, confirming strong buyer interest and absorption of selling pressure.
Now, with demand zones respected and price pushing upward again, BTC is showing signs of a bullish continuation. This setup highlights a common price action sequence: fakeout → breakout → support retest → continuation.
📘 This chart is for educational and analytical purposes only and does not constitute financial advice.
This BTC/USDT chart reflects a powerful structural shift in market momentum. Initially, Bitcoin showed a fake bearish breakout below a key support zone. However, the move lacked follow-through, and buyers quickly stepped in to invalidate the breakdown.
Bulls then broke above a major resistance level, flipping it into support. Price pushed to a new local high before retracing to retest the breakout zone, which held firm. Interestingly, BTC also retested two previous support areas, confirming strong buyer interest and absorption of selling pressure.
Now, with demand zones respected and price pushing upward again, BTC is showing signs of a bullish continuation. This setup highlights a common price action sequence: fakeout → breakout → support retest → continuation.
📘 This chart is for educational and analytical purposes only and does not constitute financial advice.
Trade active
Active Trade Note:
Currently observing bullish momentum after successful support retests. Structure remains intact as long as BTC holds above the reclaimed support. Keeping a close eye on continuation toward recent highs. Shared purely for analytical and learning reference.
Trade closed: target reached
Target Achieved Successfully.Look Carefully the Target.
Shared purely for analytical and learning reference.
📈 Robert FX Assets | Verified Forex Analyst
📊 Smart Signals | XAUUSD | Risk Management
📬 Join Free Channel: t.me/RobertFXAssets
📊 Smart Signals | XAUUSD | Risk Management
📬 Join Free Channel: t.me/RobertFXAssets
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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.
📈 Robert FX Assets | Verified Forex Analyst
📊 Smart Signals | XAUUSD | Risk Management
📬 Join Free Channel: t.me/RobertFXAssets
📊 Smart Signals | XAUUSD | Risk Management
📬 Join Free Channel: t.me/RobertFXAssets
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.