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BTCUSDT REBOUNDS TOWARD WEDGE RESISTANCE
⚠️ Price is approaching a descending wedge resistance zone near 66,068, where rejection could trigger a retest of the nearest support at 64,348.
#BTCUSDT is trading at 65,438 after recovering from the lower wedge boundary. The 30m structure shows a series of contracting wedges, with the current move pushing toward the upper trendline. A clean break above 66,068 would confirm bullish momentum, but the zone has acted as resistance on multiple touches. Failure here could send price back toward the 64,348 support level, which has held with 9 touches.
📊 Structure
• Wedge pattern with 4 detected formations, average rating 9.5
• Price hugging the upper resistance line of a medium-sized wedge
• Support at 64,348 is the strongest nearby floor with 9 touches
🔗 Key levels
Resistance: 66,068
Support: 64,348...
#SummerCreationCamp
$BTC