$BTC / USDT ANALYSIS
Bitcoin has started an upward movement due to positive news about a 50 basis point interest rate cut, leading to a shift in the Federal Reserve’s policy from tightening to easing. This change has significantly contributed to Bitcoin’s rise.
▫️Weekly timeframe analysis:
•Bitcoin has maintained strong support at 54,000 USDT, a crucial level.
•The price broke a strong psychological resistance at 60,000 USDT, and it is now important to trade above this level and turn it into stable support.
•The long-term trend on the weekly timeframe is very positive, showing great potential for further growth.
▫️Daily timeframe analysis:
•In the short term, we may see some corrections as technical indicators have reached overbought levels.
•Short-term fluctuations and corrections are expected, but they could offer opportunities to re-enter the market, as the overall long-term trend remains strongly positive.
▫️Overall outlook:
The long-term trend is bullish and very positive, while short-term corrections are likely to occur naturally.
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