BTC/USDT Futures: Testing Key Resistance – Breakout or Rejection

1. Trend Direction:
Bitcoin is in a downtrend with a descending trendline acting as resistance.
Price is currently testing resistance at $84,000 - $85,000.

2. Key Support & Resistance Levels:
Resistance: Around $84,500 - $85,000 (purple zone), aligned with the descending trendline.
Support: Strong demand near $80,000 - $81,000.

3. Potential Breakout or Reversal Points:
If BTC breaks above $85,000 with strong volume, it could trigger a bullish breakout.
If BTC fails to break resistance, it may reject and retest support at $80,000.

4. Entry & Exit Points:
Long Entry: After a confirmed breakout above $85,000.
Take Profit (TP): $88,000 - $90,000.
Stop Loss (SL): Below $83,000.
Short Entry: If price rejects resistance and shows bearish signals.
TP: $81,000 - $80,000.
SL: Above $85,500.

5. Risk-Reward Assessment:
Breakout trade offers higher reward, but must be confirmed with volume.
Short trade has safer risk management if rejection is confirmed.

Final Thoughts:
Bullish scenario: Break above $85,000 → Targeting $88,000+.
Bearish scenario: Rejection at resistance → Retest $80,000.
Watch for volume confirmation and candlestick patterns before entering.
BTCUSDT.P
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