📈 LONG Setup: BTC/USDT | Bitcoin AB=CD Pattern on 3-Day Chart
Bitcoin ($BTC) is currently trading at $118,066, showing a strong bullish setup on the 3-day chart. The formation of an AB=CD harmonic pattern suggests a potential price surge ahead.
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🔍 Current Market Snapshot
Price: $118,066
24h High: $119,524
24h Low: $116,776
24h Volume: $63.73B
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📊 Trade Setup: Long BTC/USDT
Entry: Around $118,000
Stop Loss: $116,000
Take Profit: $123,000–$125,000
Risk-Reward Ratio: Approximately 3:1
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📈 Why This Setup Matters
The AB=CD pattern is a reliable harmonic formation indicating potential price reversals or continuations. With Bitcoin's recent consolidation between $116,000 and $120,000, a breakout above $120,000 could trigger a rally towards the $125,000 mark.
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*Note: Always conduct your research and consider consulting with a financial advisor before making investment decisions.*