BTC Update: (Based on 1-hour chart)
đ Over the past 2-3 days, my anticipation was for $BTC to decline to around 32,200, and I observed numerous rejections of Bullish trends at resistance. However, the resistance was eventually broken after several more rejections today. Buyers were prepared to surpass the sellers, marking our re-entry into extraordinary Bullish Momentum.
đ According to the 1-hour chart, #BTC managed a real breakout at the resistance level of 34,287. Over the past 2-3 days, there were four rejections of Bullish trends, causing $BTC to drop to 33,350 before reversing, breaking the Upper Support level at 34,007. Around 2 o'clock in the afternoon today, #BTC entered temporary Bullish Momentum, but I'm still waiting for three types of confirmation from the 1-hour chart. I've received these confirmations after a real breakout at the Resistance level.
đ I encourage everyone to observe the chart for a detailed analysis. Market trends can change, and it's important for traders to accept small losses while keeping up with the latest information to ensure substantial profits. I recommend holding onto your long position until updates about Bearish momentum or until we reach our initial target of 37,000.
đ Please adhere to our information properly as I strive to consistently offer valid and accurate analyses. Avoid high-risk trades and emotional decisions, and always maintain proper risk in your trades.
đ I hope this information is helpful to everyone. Please show your support by liking this post and consider sending at least $1 as a tip.
$BTC = Extraordinary Bullish Momentum
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Author(X&T): KingofBTC2024
