Bitcoin / TetherUS
Long
Updated

Lingrid | BTCUSDT Consolidation Expansion Scenario

2 151
BTCUSDT is coiling within a bullish continuation zone after rebounding strongly from the 115,930 support and holding above the blue ascending trendline. Price formed a higher high inside the rising channel, followed by sideways consolidation, suggesting preparation for another bullish leg. The triangle pattern breakout and price stability above the trendline favor upward continuation toward the resistance at 126,500. Momentum remains intact while the structure supports the next breakout push.

📉 Key Levels
  • Buy trigger: Break and hold above 120,000
  • Buy zone: 117,500–118,200
  • Target: 126,500
  • Invalidation: Close below 115,930

💡 Risks
  • Loss of support at the trendline
  • Strong rejection near red channel resistance
  • Weak market sentiment or macro news shocks

If this idea resonates with you or you have your own opinion, traders, hit the comments. I’m excited to read your thoughts!


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