BTCUSDT BREAKOUT OR REJECTION?

10月28日

🔹 Current Situation:

Bitcoin is once again testing the top of its long-standing channel, currently around $69,000. Here are the two primary scenarios to monitor:

🔹 Bullish Breakout Path:

If BTC successfully breaks through the channel top and clears the previous high of $69,600, it may initiate a move toward the $71,000–$72,000 zone. The expected sequence in this scenario is:

• Initial test of the $69,600 high
  
• Retest of the channel top as support
  
• Strong rally toward the $71,000–$72,000 target zone
  

🔹 Bearish Breakdown Path:

On the downside, a break below $67,500 could signal weakness and shift momentum towards a deeper decline. In this case:

First Target: $63,700


🔹 Divergences:

Bearish divergences are forming across multiple timeframes, suggesting potential downside pressure if a breakout fails.

Disclaimer:
⚠️ This is not financial advice! All information provided is for educational purposes only. Always conduct your own research before making any investment decisions. Trading carries a high risk and may result in the loss of capital.