⚠️ Bitcoin is on the verge of explosion! Will you lose or gain? 🚀💀
After analyzing the BTC/USD chart on the 1-hour timeframe, it seems that the market is in a state of cautious balance with a slight upward inclination.
📊 General trend: Strongly bullish, as most moving averages indicate support for this trend.
🔹 Main support: 110,000$ – a critical point for potential buying.
🔹 Resistance: 113,000$ – the next target if the upward momentum continues.
⚡ Technical indicators: RSI and MACD are neutral, reflecting the power struggle between buyers and sellers.
❌ There are no clear technical patterns yet, but monitoring support and resistance levels is crucial for decision-making.
✅ Recommendation: A bullish rebound from 110,000$ is a buying opportunity with a stop-loss placed below support, targeting 113,000$, while keeping an eye on any unexpected news that may suddenly change the market direction.
💡 Question for the audience: Will you follow the upward trend or test the collapse? 🔥
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