🚀 Hey Traders! 🚀
🔥 An exciting setup is brewing on the Bitcoin chart!
BTC is sitting at a strong support zone around $53,000 and just started to bounce higher. 📈 The price also tapped the lower band of the Bollinger Bands—a solid signal for a potential long move!
💥 Plus, we’ve got an engulfing candlestick pattern on the 4-hour chart, flashing bullish vibes. If the momentum continues, the next target could be in the $60K-
65K range. 🌕
👀 Keep an eye on this week’s main event: US inflation data. The consensus is that inflation will stay flat for August, and the big talk is about a possible rate cut in September. No major surprises are expected, but stay sharp!
💬 What’s your take on Bitcoin? Drop your thoughts in the comments below!
🚀 Let’s get this discussion going! 🚀
🔥 An exciting setup is brewing on the Bitcoin chart!
BTC is sitting at a strong support zone around $53,000 and just started to bounce higher. 📈 The price also tapped the lower band of the Bollinger Bands—a solid signal for a potential long move!
💥 Plus, we’ve got an engulfing candlestick pattern on the 4-hour chart, flashing bullish vibes. If the momentum continues, the next target could be in the $60K-
65K range. 🌕👀 Keep an eye on this week’s main event: US inflation data. The consensus is that inflation will stay flat for August, and the big talk is about a possible rate cut in September. No major surprises are expected, but stay sharp!
💬 What’s your take on Bitcoin? Drop your thoughts in the comments below!
🚀 Let’s get this discussion going! 🚀
Trade closed: target reached
Target was reached, but it's possible to leave part of the position in the market, as the trend actively moves
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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.
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.