Waiting for a breakout on BTC/USDT

10 Ogo

I'm closely monitoring the BTC/USDT pair on the 30-minute chart, anticipating a breakout. The price is currently consolidating within a tight range, as shown by the key levels of support and resistance. A breakout from this range, confirmed on the 15-minute chart, could present a significant trading opportunity. Key levels to watch include the upper resistance around 60,615 and the support zone near 59,500. A break above or below these levels will likely dictate the next major move. I'll be looking for confirmation before entering a position, with the potential to ride the momentum in either direction.

This setup is based on the confluence of trendlines, fair value gaps (FVGs), and points of interest (POIs) marked on the chart.