$BTC 🚨🚨 Bitcoin Gearing Up to Test the Resistance Zone 🚨🚨🚨‼️‼️#BTC☀ #btcupdates2024

Following the Consumer Price Index (CPI) announcement, Bitcoin began to rise above the support line.

At present, Bitcoin has successfully moved above the support zone ($69,340 - $69,000) and the 100-SMA on the 4-hour timeframe, breaking through the resistance line.

Based on the Elliott wave theory, it appears that Bitcoin has completed wave 4. We should now wait for Bitcoin to target the resistance zone ($70,890 - $70,140).

I anticipate that Bitcoin will reach at least $70,600, driven by the liquidation of cumulative short positions.

Note: Always remember the importance of capital management and avoiding greed.

Bitcoin Analysis (BTCUSDT), ⏳4-Hour timeframe ⏰.

Don’t forget to set a stop loss for any positions you plan to open #Alert🔴 #tradesafely $BTC #BTCFOMCWatch