BTCUSDT Broke parallel channel!!
Updated
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Let's analyze BTCUSDT on lower time frame:
BTCUSDT has broken the parallel channel on the 4-hour chart, and the retest appears to be complete.
BTC is likely to bounce off the support levels, as BTC dominance is gradually declining. This suggests that BTC may enter a sideways movement, which could create favorable conditions for altcoins to rally.
Key support zones:
Primary support zone: $89,632 - $87,021
Secondary support zone: $78,567 - $75,829
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 has broken the parallel channel on the 4-hour chart, and the retest appears to be complete.
BTC is likely to bounce off the support levels, as BTC dominance is gradually declining. This suggests that BTC may enter a sideways movement, which could create favorable conditions for altcoins to rally.
Key support zones:
Primary support zone: $89,632 - $87,021
Secondary support zone: $78,567 - $75,829
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 closed: target reached
BTC bounced from the immediate support level to hit the anticipated target of 107k shown in the above chart.
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