🔍 BTC/USDT Analysis: Weekly Timeframe 📉
The BTC/USDT chart on a weekly timeframe highlights significant upcoming dates where price movements may present trading opportunities. These should be analyzed in conjunction with higher timeframes for a comprehensive market view.
• September 2, 2024 - Green Line: This date marks a potential local low, providing favorable conditions for accumulating BTC or entering long positions.
• January 13, 2025 - Red Line: This date signals a potential local peak. Traders might consider this as a moment to take profits or reduce exposure, as the price could encounter resistance or a downturn.
When working with this weekly timeframe, remember to evaluate these movements within the context of the broader market trend, considering even higher timeframes for a more global perspective.
Note: The exact timing of these phases can vary by +/- a few days. All times are based on UTC-7 (Los Angeles).
WAITING FOR A BIG CRASH