BTC/USDT Long-Term Trend: Bullish
Key Resistance Levels: 64855, 65000, 65500
Key Support Levels: 61158, 55461, 50963
The price on the higher time frame was in a clear uptrend since it is trading inside a bullish channel formation. Recently, the price managed to break all time high with the help of a huge bullish candlestick. A lower correction might be posted to the previous swing high before continuing in the same direction of the main trend.
BTC/USDT Medium-Term Trend: Bullish
On the 4-hr time frame, the price is bouncing inside a bullish channel pattern. We have an area of confluence between the support, 61.80% Fibonacci retracement level, and the lower end of the channel. Once the correction ends around this area, a movement to the upside might be seen toward the 64707 USDT mark.
Buy Limit Order @ 61555
TP 1 @ 64707
TP 2 @ 65000
Stop Loss @ 59988
Trade Safely 🙂