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🤓ANALYSIS BTC/USDT Bitcoin continues to trade within the descending triangle, currently holding above a key horizontal demand zone. ✊The 200-day moving average is acting as resistance just above the triangle. A breakout from this pattern could signal a bullish trend reversal. However, if the price breaks below the demand zone and confirms the breakdown with a retest, it may lead to further downside in the market. #BinanceBlockchainWeek #Bitcoin #Binance $BTC $ETH
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BTC UPDATE: BTC given move right from the harmonic demand zone also reclaimed the 57k level. Now what's Next? The 57k level will now act as the support for the BTC while the 58500 level will act as the resistance level for the BTC. For the further bullish momentum of BTC it needs to flip the resistance levels. As tonight we have a weekly closure volatility is expected We need a closure above the 57k key level to then target the higher levels in the coming week if the closure is below it will not be a good sign As things are not cleared it is advised to trade very cautiously and must use sl. BitcoinEthereumTrading $BTC #BinanceTurns7 #BinanceTournament #Bitcoin
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BTC UPDATE: BTC is currently respecting the 63k level which is a good sign. The 65k level will now act as a resistance level after the 65k resistance level the next resistance level will be the 67k the EMA's are also aligning there as a resistance. If BTC breaks the 63k support level the next support level will be the 62k level. As we have a weekly closure tonight volatility is expected need a weekly closure at least above the 65k level to then target the higher levels in the coming days if the closure is below then it will no be a positive sign. As the things are not cleared y#et trade cautiously and must use sl. BitcoinEthereumTrading $BTC #CryptoTradingGuide #Bitcoin
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BTC UPDATE: BTC after breaking the 63366 level the 63k was our next strong support level and BTC respected it. The 65k level will now act as a resistance level after the 65k resistance level the next resistance level will be the 67k the EMA's are also aligning there as a resistance. If BTC breaks the 63k support level the next support level will be the 62k level. We need a daily closure at least above the 65k level to then target the higher levels in the coming days if the closure is below then it will no be a good sign. As the things are not cleared yet trade cautiously and must use sl. BitcoinEthereumTrading $BTC #CryptoTradingGuide #BinanceTournament
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#FavoriToken #AirdropGuide #BinanceTournament #BTC UPDATE: BTC given a wick till the 64k level as mentioned in the update yesterday that if 65k breaks the next support region will be the 64k level and the same thing happened. The 67k level will still remain ac strong resistance as the EMA's are also aligning there as a resistance. If BTC breaks the 64k support level the next support level will be the 63k level. We need a daily closure at least above the 65k level to then target the higher levels in the coming days if the closure is below then it will no be a good sign. As the things are not cleared yet trade cautiously and must use sl. BitcoinEthereumTrading $BTC
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