BTCUSDT: Upward momentum remains intact
Updated
Hello dear friends!
So after the sharp rise of BTCUSD to $45,800, the price has started to correct itself and return to the previous price channel, trading at $43,300 today.
From the analysis chart, we can observe that the upward trend, although not as strong as before, is still intact. BTCUSDT is currently testing the EMA 34 line and may soon test the EMA 89 line (around $42,000). We can once again hope for a price rebound from this level as BTC will touch the lower limit of the ascending channel and receive support from the psychological level of $42,000.
And you, what do you think about BTCUSDT?
So after the sharp rise of BTCUSD to $45,800, the price has started to correct itself and return to the previous price channel, trading at $43,300 today.
From the analysis chart, we can observe that the upward trend, although not as strong as before, is still intact. BTCUSDT is currently testing the EMA 34 line and may soon test the EMA 89 line (around $42,000). We can once again hope for a price rebound from this level as BTC will touch the lower limit of the ascending channel and receive support from the psychological level of $42,000.
And you, what do you think about BTCUSDT?
Trade closed: target reached
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