BTC/USDT | Do not go below 69,700!

[etfs]

In yesterday's analysis we talked about if BTCUSDT fails to go through the 2H FVG, it would drop and it did, failing at retesting the FVG and dropped back inside the 4H FVG and is now being traded at 70,030 level.

As long as Bitcoin stays above the 69,700 level, bullish run remains intact and it can go higher to reach the 2H FVG and retest it, then go higher to reach the supply zone at 74,042 to 74,281.

However if BTC goes below the 69,700 and fails to go back higher above that level, further drop is plausible and the first target will be 68,900, and then 68,100 and finally 67,300.

Targets for BTC: 70,600, 71,000, 71,400, 71,800, 72,200, 72,600, 73,000, 73,400, 73,800 and 74,200.

Bearish targets: 69,200, 68,900, 68,500, 68,100, 67,700 and 67,300.

[mendez]

love how every 300-point move gets its own “target” like it’s a boss level