$BTC Market Analysis
SEPTEMBER 29th, 2024
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⚪️TECHNICAL (WEEKLY)
On the weekly timeframe, the price action of $BTC broke out of its resistance trendline from both the falling wedge and descending triangle patterns. 📈🔺
However, the price action is now facing its horizontal resistance, marked between $69,961 and $65,730. 📊
⚪️WRAP-UP (VIP)
The price action is currently respecting its resistance level, and it needs to flip that into support to show further strength in the price action. 📊💪
All the EMAs are indicating support levels, adding to the potential bullish momentum. 📈🔄
$BTC DAILY RANGE:
📈Upper Limit: $69,943
📉Lower Limit: $60,490
(+-19.96% based on moving average volatility open/endpoints)
📌SCALP ENTRIES (VIP)
(*Advanced traders only - moderate/high risk)
🔵LONG
💲64,500
🔴SHORT
💲68,247
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