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#BTC/USDT ANALYSIS Bitcoin is currently trading within a descending triangle pattern, rebounding from the horizontal demand zone at the base of the triangle. The Ichimoku Cloud is acting as a resistance zone above the triangle. We need to wait for a decisive breakout or breakdown to confirm Bitcoin's next move.
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#ALTS MARKET CAP ANALYSIS The ALTS market cap is currently consolidating within a descending channel and is rebounding from the support trendline. The Ichimoku cloud is acting as resistance just below the channel's resistance trendline. A breakout above both the Ichimoku cloud and the channel's resistance trendline would indicate a strong bullish rally for the ALTS market. Conversely, a breakdown below the support trendline of the channel would signal further correction in the ALTS market.
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#MAVIA signal trade and results $MAVIA
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#1000SATS/USDT ANALYSIS 1000SATS is rebounding from the support trendline of the descending channel. The 50-day moving average is acting as resistance above the channel. A breakout above the channel and the 50-day moving average would confirm a bullish trend. Conversely, a breakdown below the support trendline would invalidate the pattern. $1000SATS
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#BTC/USDT ANALYSIS Bitcoin has broken out of the ascending triangle pattern with significant volume, indicating potential bullish momentum. The Ichimoku cloud is providing support, further highlighting the bullish strength. A successful retest above the triangle would confirm this bullish trend. However, if the retest fails, we may see further price movement within the confines of the triangle.
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