BTCUSDT: Broke out of Triangle !!
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Let's analyse BTCUSDT in LTF here.
BTCUSDT is currently trading above $62,000, following a significant rally fueled by the Federal Reserve's recent 50 basis point interest rate cut. As expected, this positive economic development has boosted Bitcoin's price.
Key Points:
Breakout: Bitcoin has successfully broken out of a symmetrical triangle.
Momentum: The market is showing strong bullish momentum.
Retest: A potential retest of the $61,500 level could occur.
To maintain the bullish trend, it's crucial for Bitcoin to hold above $60,863 in daily TF.
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 analyse BTCUSDT in LTF here.
BTCUSDT is currently trading above $62,000, following a significant rally fueled by the Federal Reserve's recent 50 basis point interest rate cut. As expected, this positive economic development has boosted Bitcoin's price.
Key Points:
Breakout: Bitcoin has successfully broken out of a symmetrical triangle.
Momentum: The market is showing strong bullish momentum.
Retest: A potential retest of the $61,500 level could occur.
To maintain the bullish trend, it's crucial for Bitcoin to hold above $60,863 in daily TF.
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!!
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