BTC/USDT - 1H Setup: Bullish Breakout & Momentum Continuation
Bitcoin is showing strong bullish continuation on the 1-hour time frame following a clean breakout above the descending parallel boundary.
Technical Structure: Price action has successfully completed a local double-bottom formation, signaling a shift in momentum back to the buyers.
Momentum: The RSI indicator is holding a bullish bias, backing up the ongoing push toward higher levels.
Key Resistance Levels to Watch:
$67,338 USDT – Immediate overhead barrier.
$70,000 USDT – Major psychological and structural resistance.
Macro Target: Sustaining this upward trajectory opens the pathway toward higher-term targets extending up to $92,000 USDT.
Disclaimer: This analysis is for informational purposes only and does not constitute financial advice. Always manage your risk accordingly.