#BTC/USDT 1DAY CHART ANALIYSIS !!Hello friends, welcome to this BITCOIN update from Crypto Sanders.
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Bitcoin is reversing from the support trendline after being rejected by the horizontal supply zone level. The 200MA is acting as resistance above the current price action.
Bitcoin is currently reversing from the support trendline.
The 200MA is acting as a crucial resistance.
The price was rejected at the horizontal supply zone level.
A breakout above the 200MA and the supply zone will confirm a bullish trend.
A breakdown below the support trendline will indicate further correction.
Wait for a clear breakout or breakdown to determine the next move.
Watch for a breakout above the 200MA and the supply zone for bullish confirmation.
Monitor a breakdown below the support trendline for further correction.
Stay updated and ready to act based on these key levels and scenarios.
Feel free to ask for a more detailed analysis or additional charts!
Remember:-This is not a piece of financial advice. Stay tuned to us for further updates and analysis. Thank you!
