$BTC At present, Bitcoin seems to be consolidating within a | Ebi193 on Binance Square

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$BTCAt present, Bitcoin seems to be consolidating within a narrow range.
A breakdown could see it testing the ascending trendline in the 47.5 - 48.5k range.
Conversely, if there's an upside breakout, BTC may sustain its bullish momentum towards the 55-58k zone.
Stay tuned for updates post-breakout.
#Write2Earn #BTC #TrendigTopic
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$BTC 🚨📈Buy Alert!🚨📈 Time frames: 1 Hour (Short Term) and 1 Day (Long Term). We've spotted a reverse head and shoulders pattern near a key resistance area, roughly between $68K and $69K. I've plotted a polyline pattern, indicating we might see a rebound from here, hoping for a bounce back like a tennis ball, not a break like an egg. Expect a potential liquidity trap between $59K-$60K, which could be a great point for initiating trades. Bitcoin seems poised to challenge the downtrend's resistance, possibly breaking above it. Retest and Confirmation Steps: - Be ready for an initial retest post-breakout. - A successful break and close above the key resistance is critical for confirmation. - A retest of the support level would show that the market has run out of sellers and trading volume is low. Confirmation and Entry: - Official confirmation requires a significant break and close above on a larger timeframe (4 hours recommended). - A substantial increase in trading volume would be a good sign. Risk Management: - Set a stop loss just below the tight trading area to minimize risks. Trading with Caution: - Bitcoin trading can be complex, especially with significant liquidation events. - It's crucial to trade wisely to avoid pitfalls. Remember, trading comes with its risks, so it's important to stay updated and be adaptable. Best of luck, and aim for your trades to bounce back strong, just like tennis balls! 🎾🚀 #HotTrends #TrendingTopic." #BTC🔥🔥 #BuySignal $BTC $ETH

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