BTC: Accumulate energy for the rise and soar into the sky!
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đź“ŤBTC's volatility has narrowed, with selling pressure showing signs of weakening. Throughout the choppy price action, the 84000-83500 zone has established itself as a critical support area in the short-term structure. This level now serves as a key defensive line.
đź“ŤFollowing this consolidation phase, BTC may stage a rebound from this support region. If the price manages to break through the resistance around 84800 with strength, further upside momentum could drive it towards the 90000 level.
🔎Trade Idea: BTCUSD:Buy at 83500-83000 TP:84500-85000 SL:Adjust according to risk tolerance.
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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.