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📈 Trading Analysis for BTC/USDT! 🚀

Bitcoin has shown a technical rebound from a key support level. Despite the recent volatility, higher time frames (4H) indicate a possible bullish continuation. It's an opportunity to consider a long position with clear risk management.

Trade Details:

Pair: BTC/USDT

Position: Long (Buy)

Entry: 112,300 - 112,500 USDT (Current consolidation zone)

Stop Loss: 110,500 USDT (to protect against an unexpected drop)

Take Profit 1 (TP1): 114,000 USDT

Take Profit 2 (TP2): 116,000 USDT

Why now?

Technical Rebound: The price has respected the support of 110,588 USDT, showing buyer strength.

Key Indicators: The MACD on the 4H frame is positive and crossing upward, suggesting increasing momentum.

Contrarian Sentiment: The overall sentiment is cautious, not euphoric, which could indicate that there is still room for an upward move.

Remember!

Trading carries risks. Use strict risk management and never invest more than you can afford to lose.

Do you agree with this analysis or have a different perspective? Share your thoughts in the comments! 👇