- Current price #BTCUSDT — 66,115 - The current trend is bearish, confirmed by most indicators and chart structure - Last swing range: high — 111,230, low — 60,000, equilibrium level — 85,625; these zones may be used for manipulation rather than support/resistance - High volatility (ATR around 3955), movements can be sharp
📉 Indicators:
- MACD, Vortex, RSI, DM, Fisher — bearish - Stochastic, Momentum, PSAR, MFI, ADX — bullish, but this is more of a correction bounce within the trend
📈 Critical Levels:
- 68,410 — local resistance, possible retracement zone - 65,118 — first support below the price, where buy attempts may occur - 62,500 — strong demand zone, potential trap for sellers - 60,000 — key low of the last swing; if broken — downward pressure intensifies - 78,846 / 84,450 — resistance zones above, liquidity may be pulled here during upward spikes - 97,924 — structural resistance, unlikely to be reached without a serious impulse - 55,050 and 47,772 — long-term support levels for a deep decline scenario
💡 Zones of imbalance and liquidity:
- Between 84,450 and 78,846 remains a significant unfilled imbalance (FVG) left by sellers, where price may return during a bounce - Below 62,500 and 60,000 are zones where stop orders may be collected and manipulation may occur
🚦 Trading Idea:
- Currently, BTCUSDT is trapped between resistance at 68,410 and support at 65,118/62,500 - A logical scenario for short entry — wait for either a false breakout above to 68,410–72,271 (preferably with reversal signs — pin bar, bearish engulfing, divergences on RSI/OBV), or manipulation above 68,410 with a quick return below the level - For longs, it’s better to wait for manipulation and stop hunts below 62,500 or even 60,000. After that — if a reversal pattern appears (a beautiful pin bar, bullish engulfing on a lower timeframe, volume spike) — consider going long targeting at least 65,000–68,000, then up to 72,271
Forecast
- I expect downward pressure to persist until the price tests 62,500–60,000 and collects liquidity below this last swing low - After manipulation below 60,000, a quick rebound and reversal upward to 65,118–68,410 is likely, but do not enter without confirmation of reversal - Short entry is possible from 68,410–72,271 after a false breakout of this level with confirmation on candlestick analysis (pin bar, engulfing, volume bounce) - Long entry — only after manipulation and liquidity grab below 62,500/60,000 with a clear bullish signal: reversal candles, volume spike, confirmation on lower timeframe. Stop — below the nearest local minimum (swing low) - Take profit for longs — 65,118, 68,410, partial profit can be taken at the first target; for shorts — 62,500, then 60,000
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
🔍 Overall Assessment:
- Current price #BTCUSDT — 66,115
- The current trend is bearish, confirmed by most indicators and chart structure
- Last swing range: high — 111,230, low — 60,000, equilibrium level — 85,625; these zones may be used for manipulation rather than support/resistance
- High volatility (ATR around 3955), movements can be sharp
📉 Indicators:
- MACD, Vortex, RSI, DM, Fisher — bearish
- Stochastic, Momentum, PSAR, MFI, ADX — bullish, but this is more of a correction bounce within the trend
📈 Critical Levels:
- 68,410 — local resistance, possible retracement zone
- 65,118 — first support below the price, where buy attempts may occur
- 62,500 — strong demand zone, potential trap for sellers
- 60,000 — key low of the last swing; if broken — downward pressure intensifies
- 78,846 / 84,450 — resistance zones above, liquidity may be pulled here during upward spikes
- 97,924 — structural resistance, unlikely to be reached without a serious impulse
- 55,050 and 47,772 — long-term support levels for a deep decline scenario
💡 Zones of imbalance and liquidity:
- Between 84,450 and 78,846 remains a significant unfilled imbalance (FVG) left by sellers, where price may return during a bounce
- Below 62,500 and 60,000 are zones where stop orders may be collected and manipulation may occur
🚦 Trading Idea:
- Currently, BTCUSDT is trapped between resistance at 68,410 and support at 65,118/62,500
- A logical scenario for short entry — wait for either a false breakout above to 68,410–72,271 (preferably with reversal signs — pin bar, bearish engulfing, divergences on RSI/OBV), or manipulation above 68,410 with a quick return below the level
- For longs, it’s better to wait for manipulation and stop hunts below 62,500 or even 60,000. After that — if a reversal pattern appears (a beautiful pin bar, bullish engulfing on a lower timeframe, volume spike) — consider going long targeting at least 65,000–68,000, then up to 72,271
Forecast
- I expect downward pressure to persist until the price tests 62,500–60,000 and collects liquidity below this last swing low
- After manipulation below 60,000, a quick rebound and reversal upward to 65,118–68,410 is likely, but do not enter without confirmation of reversal
- Short entry is possible from 68,410–72,271 after a false breakout of this level with confirmation on candlestick analysis (pin bar, engulfing, volume bounce)
- Long entry — only after manipulation and liquidity grab below 62,500/60,000 with a clear bullish signal: reversal candles, volume spike, confirmation on lower timeframe. Stop — below the nearest local minimum (swing low)
- Take profit for longs — 65,118, 68,410, partial profit can be taken at the first target; for shorts — 62,500, then 60,000