Hello everyone, glad to see you again! Let’s take a look at 
BTCUSDT .
Today, BTCUSDT is trading around 113,400 USDT, after multiple rebounds from the 112,550 USDT support zone. At the time of writing, the pair is once again testing this level. However, on the 1H timeframe, the price remains under pressure from the descending trendline and has not yet managed to break above it.
If the price continues to be rejected at the trendline, I expect a deeper move towards the 110,000 USDT zone or even lower support levels as shown on the chart.
It’s crucial to monitor how BTC reacts around the descending trendline and the key support area to identify potential opportunities.
Wishing you smooth and successful trades!
BTCUSDT .Today, BTCUSDT is trading around 113,400 USDT, after multiple rebounds from the 112,550 USDT support zone. At the time of writing, the pair is once again testing this level. However, on the 1H timeframe, the price remains under pressure from the descending trendline and has not yet managed to break above it.
If the price continues to be rejected at the trendline, I expect a deeper move towards the 110,000 USDT zone or even lower support levels as shown on the chart.
It’s crucial to monitor how BTC reacts around the descending trendline and the key support area to identify potential opportunities.
Wishing you smooth and successful trades!
Trade active
Trade closed: target reached
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✅ Receive 7–10 high-quality signals daily for Forex, Gold, and Bitcoin
✅ Fast updates, accurate alerts
✅ Suitable for both beginners and experienced traders
👉 Join now by clicking this link:
t.me/+6v7LMJO7cI04Nzg1
✅ Fast updates, accurate alerts
✅ Suitable for both beginners and experienced traders
👉 Join now by clicking this link:
t.me/+6v7LMJO7cI04Nzg1
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.