#ProjectCrypto #FOMCMeeting Technical Analysis of the BTTC/USDT Pair (BitTorrent against Digital Dollar) Based on the Chart:

1. General Trend:

The pair is in a short-term uptrend, evident from the formation of higher highs and higher lows.

The price bounced from the low of 0.00000055 on June 23 and reached 0.00000078 on July 30.

2. Moving Averages:

The 7-day moving average (yellow) has crossed above the 25-day moving average (red), which is a positive signal.

The price is above the 99-day moving average (purple), supporting a medium-term rise.

3. Resistances and Supports:

Nearby support: 0.00000068 – 0.00000069

Strong resistance: 0.00000073 – 0.00000074

(These are high sell levels according to the order book)

4. Trading Volume and Momentum:

There is good buying activity (53.68% buying), indicating a desire to continue the rise.

If the price stabilizes above 0.00000070, it enhances the likelihood of testing 0.00000076 – 0.00000078 again.

5. Technical Recommendation:

Continued rise is conditional on the price holding above 0.00000069.

Traders can wait for confirmation of a breakout above 0.00000073 to safely enter towards the target of 0.00000080.

Proposed stop loss: a clear break below 0.00000067.

The analysis requires continuous monitoring of trading volume and market movement, especially at resistance areas