BTCUSDT: Trend Support Retest Could Drive Price Back to 74.5K

[madtrader]

Hello everyone, here is my breakdown of the current BTCUSDT setup.

Market Analysis

BTC broke out of a descending triangle and formed a bullish trend with higher lows along an ascending trend line. Price reached the 74,500 resistance, where a rejection occurred.

Currently, BTC is pulling back toward the 71,300 support zone, which aligns with the rising trend line and previous breakout area, creating a key confluence.

My Scenario & Strategy

As long as price holds above the 71,300 support and respects the ascending trend line, the bullish bias remains valid. A bounce from this area could push BTC back toward the 74,500 resistance zone, which is the main upside target.

However, if price breaks below 71,300, the bullish structure would weaken and could lead to a deeper correction.

That’s the setup I’m tracking. Thank you for your attention, and always manage your risk.

[bonk]

interesting what will be next, keep me updated pls