BTCUSDT: likely to retest after hitting channel top!!
Updated
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Let's analyze BTCUSDT :
Bitcoin (BTCUSDT) is currently trading within an ascending channel. After recently touching the channel's upper line, it has pulled back to the immediate support zone. A crucial support area lies within the blue box, where a potential bounce could occur.
Currently, Bitcoin is testing the $103,000 support level. If this level breaks, the next significant support zone is at $98,400, which also coincides with the lower channel line. A strong bounce is likely from this level.
Key Support Levels:
$103,000
$98,500
$91,100
Key Resistance Level:
$108,400
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 :
Bitcoin (BTCUSDT) is currently trading within an ascending channel. After recently touching the channel's upper line, it has pulled back to the immediate support zone. A crucial support area lies within the blue box, where a potential bounce could occur.
Currently, Bitcoin is testing the $103,000 support level. If this level breaks, the next significant support zone is at $98,400, which also coincides with the lower channel line. A strong bounce is likely from this level.
Key Support Levels:
$103,000
$98,500
$91,100
Key Resistance Level:
$108,400
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
As anticipated BTC broke and retested from the lower line of the channel.
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