BTCUSD Long Bitcoin vs US Dollar BTCUUSD TRADE IDEA
Market Structure: Bearish 📉 Price has broken below multiple support levels and is currently testing a major demand zone around 71,400–70,500 . Momentum remains strongly bearish with a series of lower highs and lower lows. Key Levels: Resistance 1: 73,400 Resistance 2: 75,400 Resistance 3: 77,300 Support 1: 71,400 (current zone) Support 2: 70,400 Support 3: 69,000 Trading Scenario: If BTC holds above 71,400 and forms bullish confirmation, a corrective move toward 73,400 → 75,400 is possible. If 71,400 breaks decisively, selling pressure could extend toward 70,400 and potentially 69,000 . Trade Setup: Buy: Only after a confirmed bullish rejection from 71,400. Sell: On a H4 close below 71,400 with targets at 70,400 and 69,000. Stop Loss: Above/below the breakout candle depending on entry
2026.06.01 13:54 0