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Btctrend

BTC =>PO3 possibilityOverview of the Chart Timeframe: 1-hour (1h) candles Exchange: BINANCE Pair: BTC/USDT Current Price: Approximately 65,960 USDT Volume: 444.1 Key Chart Elements Support and Resistance Levels: Resistance Levels: Around 67,128 USDT Around 67,534 USDT Around 68,542 USDT Around 70,000 USDT (psychological level) Support Levels: 65,698 USDT 64,748 USDT 64,513 USDT 63,485 USDT Indicators: Relative Strength Index (RSI): Current RSI value around 50.24, indicating neutral momentum. MACD (Moving Average Convergence Divergence): Indicates bearish crossover, suggesting downward momentum. Volume Profile: Volume seems to have increased recently, indicating higher trading activity. Candlestick Patterns: Recent candles show a bearish trend, with a notable drop in the price to the current level. Observations and Potential Scenarios Bearish Scenario: If the price breaks below the current support at 65,698 USDT, the next potential support is at 64,748 USDT. The Ichimoku cloud and the stochastic oscillator indicate further downside potential. Bullish Scenario: If the price can hold above the support and move back above the 66,363 USDT resistance (purple moving average), it might aim for the next resistance at 67,128 USDT. RSI near neutral suggests there is room for an upward move if momentum shifts. Neutral/Balanced Scenario: Price might consolidate between 65,698 USDT and 66,363 USDT in the short term before deciding the next major move. Conclusion The chart suggests Bitcoin is currently in a critical zone, with a balance of bearish and bullish indicators. Close attention should be paid to the support at 65,698 USDT and resistance at 66,363 USDT. A break below or above these levels could indicate the next significant price movement. It's important to use this analysis in conjunction with other information and market conditions to make informed trading decisions.
Short
by alemicihan
#BTC/USDT#BTC The price is moving within a bullish channel pattern on a 30-minute frame, and the price is now at the lower border of the channel Which supports the bullish assumption because the price is based on an upward trend and is moving within it We have a higher stability moving average of 100 We have an upward trend on the RSI indicator that supports the rise and gives greater momentum, and the price is based on it to rise after it was broken upward. Entry price is 67,000 $ With a target at the upper border of the ascending channel 68600 $
Long
by CryptoAnalystSignal
4
BTC Bitcoin Technical Analysis and Trade Idea👉🔍In this video, we take a close look at BTC. Recently, it experienced a strong bullish rally, but it appears to be overextended and has reached a key resistance level. Given the overextended move and significant imbalances below, I'm looking for a sell opportunity at the current level. In the video, I share my thoughts on price action, market structure, and the trend. Remember, this content is for educational purposes only and is not financial advice. Trading carries significant risk, so it's important to use responsible risk management strategies. 📊✅
FOREXCOM:BTCUSDShort
by fxtraderanthony
4
BTC Potential Path To $85,000We have been selling off for quite a bit which is expected after we touched 70k, lining up the trend with previous bull runs you can see that same exact pattern which consists of dipping until the sell is exhausted and the downtrend shifts to a massive pump. This is lining up perfectly with this years price action, there is a chance that August will be the start of the massive leg up which would lead to euphoria, we are quite literally about 22 days away or the downtrend shifts within a week to two and then we see a 3 month run up, this is all hypothetical, but it also makes sense with the election lining up, etf releases, the potential squeezes on GME and AMC, the universe is aligning once again, we’re almost there…. Or we go to 0, not financial advice #WAGMI
Long
by SnyyperT
2