$BTC

✅ What is the BTC/USD pair?

• BTC = the digital currency "Bitcoin".

• USD = US Dollar.

• BTC/USD = the price that shows how many dollars are needed to buy 1 Bitcoin.

Example: If BTC/USD = 65,000, this means that 1 Bitcoin = 65 thousand dollars.

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📊 Technical Analysis for BTC/USD

Important Indicators:

• Support and Resistance: Used to determine entry and exit points.

• Moving Averages (MA50 / MA200): Provide signals on the trend.

• RSI (Relative Strength Index): To identify overbought or oversold areas.

• MACD: For crossover signals between moving averages.

Popular Patterns:

• Head and Shoulders, Triangles, Ascending and Descending Channels$BTC