Hello traders! Hereās my technical outlook based on the current BTCUSDT (2H) chart structure. BTCUSDT previously traded inside a wide range, where price repeatedly reacted between support and resistance. After multiple breakouts and fakeouts, the market established a rising trend line, showing gradual bullish structure with higher lows forming.
Currently, price faced rejection from the 70,300 supply zone, confirming strong selling pressure at this level. At the same time, BTC is holding above the 67,300 demand zone, which aligns with the ascending trend line and acts as key support.
As long as BTCUSDT holds above the 67,300 demand zone and respects the rising trend line, the bullish bias remains valid. A bounce from this area could push price back toward the 70,300 supply zone, which is the main upside target. Manage your risk!