BTCUSDT short term update!!!
Updated
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Let's analyze BTCUSDT on lower time frame:
BTCUSDT is currently trading within a bullish pennant formation.
If BTC bounces from the lower support at $94,700, it may continue to stay within the pennant and potentially break above the resistance level $98,500. However, if BTC breaks down this pattern, a downward move could take the price to the next support levels at $91,123 or $85,770.
BTC could rebound from any of these supports. However, for BTC to move upwards or remain sideways, a weekly close above $94,750 is crucial.
Key support zones:
Primary support zone: $92,590 - $91,123
Secondary support zone: $86,790 - $85,770
If you find this analysis helpful, please hit the like button to support my content! Share your thoughts in the comments and feel free to request any specific chart analysis you’d like to see.
Happy Trading!!
In-depth market analysis
Accurate trade setups
Early access to trending altcoins
Life-changing profit potential
Let's analyze BTCUSDT on lower time frame:
BTCUSDT is currently trading within a bullish pennant formation.
If BTC bounces from the lower support at $94,700, it may continue to stay within the pennant and potentially break above the resistance level $98,500. However, if BTC breaks down this pattern, a downward move could take the price to the next support levels at $91,123 or $85,770.
BTC could rebound from any of these supports. However, for BTC to move upwards or remain sideways, a weekly close above $94,750 is crucial.
Key support zones:
Primary support zone: $92,590 - $91,123
Secondary support zone: $86,790 - $85,770
If you find this analysis helpful, please hit the like button to support my content! Share your thoughts in the comments and feel free to request any specific chart analysis you’d like to see.
Happy Trading!!
Trade active
BTC bouncing from our first support zone and still holding support zones $98,500 and $94700
Trade closed: target reached
Daily crucial support $98,000!
Note
BTC still holding this pattern.
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