Bitcoin is sitting just beneath resistance, and the next reaction here could decide whether this move expands or gets sold into.
$BTC /USDT – SHORT
Trade Plan
Entry: $64,450 – $64,730
SL: $65,250
TP1: $63,500
TP2: $62,900
TP3: $62,315
Why This Setup?
4H Structure: BTC has recovered strongly from support and is now approaching a key resistance zone. Price is entering an area where sellers previously defended aggressively, making it a potential short-term rejection point.
Price Positioning: The $64,738 level remains the critical barrier. Failure to break and hold above this resistance could trigger a retracement toward lower liquidity zones.
Daily Context: While the broader market structure remains constructive, BTC often retests support after sharp recovery moves before choosing its next directional trend.
Volume Behavior: If buying volume begins to fade near resistance while price continues to push higher, it may signal weakening momentum and increase the probability of a pullback.
As long as $64,738 remains intact, sellers may attempt to force a correction toward support levels where fresh demand could re-enter the market.
Debate:
Will Bitcoin finally reclaim $64.7K and build momentum for the next leg higher...
Or is this resistance zone about to trigger another liquidity sweep before the trend continues?
Click Trade here 👇
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