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$BTC /USDT ANALYSIS
Bitcoin is consolidating within a descending triangle pattern and is currently rebounding from the horizontal demand zone.
The 100MA is acting as strong support, reflecting bullish strength, while the 50MA serves as a resistance barrier just above the current price.
A breakout or breakdown from the pattern is needed to confirm the next directional move. Keep a close watch on this setup.
#TradingTypes101 #ElonMuskDOGEDeparture #Write2Earn
Bitcoin is consolidating within a descending triangle pattern and is currently rebounding from the horizontal demand zone.
The 100MA is acting as strong support, reflecting bullish strength, while the 50MA serves as a resistance barrier just above the current price.
A breakout or breakdown from the pattern is needed to confirm the next directional move. Keep a close watch on this setup.
#TradingTypes101 #ElonMuskDOGEDeparture #Write2Earn
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