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

Market Analysis

Bitcoin previously traded within a range, showing consolidation before a breakout that confirmed bullish momentum. After breaking above the range, price continued higher and formed a series of higher lows along a rising trend line. The market also broke through a triangle resistance line, reinforcing the bullish structure.

Currently, price is trading near the 74,300 support zone, which aligns with a key demand area and the rising trend line. At the same time, price is moving under a descending triangle resistance line, indicating compression and potential for a breakout move.

My Scenario & Strategy

As long as BTCUSDT holds above the 74,300 support and respects the ascending trend line, a bullish scenario remains valid. I expect a rebound from this zone, which could push price back toward the 76,400 resistance (TP1).

However, if price breaks below the 74,300 support and loses the trend line, the bullish structure would weaken, opening the door for a deeper correction.

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