BTCUSDT Bitcoin (BTC) managed to break out of its local bearish structure, triggering a strong rally. Following Jerome Powell’s recent speech and a shift toward a more positive macroeconomic backdrop,
As mentioned in our previous analysis, BTC surged to the 117 zone (assumed level or range), but with the approach of the weekend and declining market liquidity, the asset has entered a corrective phase.
Technical Analysis:
BTC is currently correcting after the rally, and price action suggests that the correction is forming toward the previous resistance, which may now act as support If bulls manage to defend the 114 zone (now acting as support), it could reaffirm market confidence and indicate sustained buying interest Holding above this level would likely keep BTC within a bullish range, possibly setting the stage for a continuation move after the weekend. Our next Goal would be 120K
You may find more details in the chart.
Trade wisely best of Luck.
Ps; Support with like and comments for better analysis Thanks.
As mentioned in our previous analysis, BTC surged to the 117 zone (assumed level or range), but with the approach of the weekend and declining market liquidity, the asset has entered a corrective phase.
Technical Analysis:
BTC is currently correcting after the rally, and price action suggests that the correction is forming toward the previous resistance, which may now act as support If bulls manage to defend the 114 zone (now acting as support), it could reaffirm market confidence and indicate sustained buying interest Holding above this level would likely keep BTC within a bullish range, possibly setting the stage for a continuation move after the weekend. Our next Goal would be 120K
You may find more details in the chart.
Trade wisely best of Luck.
Ps; Support with like and comments for better analysis Thanks.
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Join My telegram Channel
t.me/AnalysisGold2
Free Forex Signals
t.me/Jamessignals11
t.me/AnalysisGold2
Free Forex Signals
t.me/Jamessignals11
Penerbitan berkaitan
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.