BTCUSDT
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What are your thoughts on BITCOIN?
Bitcoin remains in a neutral and range-bound trend, currently trading below a key resistance zone. At this stage, two possible scenarios can unfold, as illustrated in the analysis:
1. Bullish Scenario: If the price successfully breaks above the resistance level, it could signal a continuation of the uptrend. In this case, entering long positions after a confirmed breakout would be a more strategic move.
2. Bearish Scenario: If Bitcoin fails to break the resistance, a rejection could lead to a decline towards lower levels. Therefore, it is advisable not to enter buy positions until the breakout is confirmed.
Don’t forget to like and share your thoughts in the comments! ❤️
What are your thoughts on BITCOIN?
Bitcoin remains in a neutral and range-bound trend, currently trading below a key resistance zone. At this stage, two possible scenarios can unfold, as illustrated in the analysis:
1. Bullish Scenario: If the price successfully breaks above the resistance level, it could signal a continuation of the uptrend. In this case, entering long positions after a confirmed breakout would be a more strategic move.
2. Bearish Scenario: If Bitcoin fails to break the resistance, a rejection could lead to a decline towards lower levels. Therefore, it is advisable not to enter buy positions until the breakout is confirmed.
Don’t forget to like and share your thoughts in the comments! ❤️
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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.
âś…MY FREE FOREX &CRYPTO SIGNALS TELEGRAM CHANNEL:
t.me/+1gFAIO4CJJw3NTU0
âś…INSTAGRAM:
instagram.com/marketanalaysis
t.me/+1gFAIO4CJJw3NTU0
âś…INSTAGRAM:
instagram.com/marketanalaysis
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.