$BTC Price Update đ„
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đ Bitcoin Market Analysis đ
Bitcoin has successfully reached Target 3, as expected. Now, let's consider the next steps, whether you're holding long positions from the $60K region or looking for fresh opportunities.
Key Levels to Watch:
Break Above $70,000 - $71,000: A sustained breakout here would mark Bitcoinâs first Higher High, signaling a bullish trend continuation.
Re-Entry Strategy: We will consider re-entering long positions after a corrective pullback, with a strong reclaim of $69,000 as support.
However, itâs important to keep in mind that $75,000 remains a critical resistance level. As long as BTC is trading below this, the possibility of further corrections cannot be dismissed.
Opportunities in Altcoins:
Bitcoin Close Above $70K-$71K: This would present opportunities in altcoins. We'll focus on undervalued altcoins that are currently trading lower, providing a favorable risk-to-reward ratio.
In summary, we will carefully monitor these key levels to ensure optimized entry points and risk management.
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