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Hey Traders, in today's trading session we are monitoring FARTCOIN for a selling opportunity around 1.1650 zone, FARTCOIN was trading in an uptrend and successfully managed to break it out. Currently is in a correction phase in which it is approaching the retrace area at 1.1650 support and resistance zone.
The price is moving within a descending channel on the 1-hour frame, adhering well to it, and is on its way to breaking it strongly upwards and retesting it.
We are seeing a rebound from the lower boundary of the descending channel, which is support at 2270. We have a downtrend on the RSI indicator that is about to break and retest, supporting the upward trend.
We are looking for stability above the 100 moving average.
BinanceThis 30-minute chart of BTC/USDT (Binance) by Lauren_Trading_Queen suggests a bullish breakout from a descending channel. After a period of consistent decline, Bitcoin appears to be forming a base around the $95,200-$95,400 support zone. The forecast indicates a potential reversal targeting the $97,000 level, highlighting a possible upward momentum shift. Traders should watch for confirmation of this breakout and volume support before entry.
Bitcoin Quick Analysis: BTC/USDT
is showing signs of a reversal after breaking out of a descending channel.
Strong support around $95,200 holds, with a bullish target set at $97,000. If momentum continues, a short-term uptrend could followfollow Trade with oven risk