⚡️BTCUSDT CMC TRADING ⚡️ SUPPLY ZONE
BTCUSDT is consistently operating below the supply zone established within the hourly timeframe. Our analysis suggests a potential continuation of the upward movement, with the likelihood of the price approaching the major supply zone identified on the daily timeframe. A key strategy involves patiently waiting for Bitcoin to surpass the hourly supply zone. Upon confirmation of a breakout, a bullish run towards the highlighted major supply zone can be anticipated. It's worth noting that within the major supply zone, there is also potential for the formation of a correctional leg.
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.