Bitcoin Quick Update Today| #49th Update

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Now BTC showing a bullish momentum according to 4h chart & 1h chart.

Bitcoin is currently trading at $69300

I've included charts for 1D, 1W, 1M, and 4H timeframes below for reference.

👉 From my analysis, a correction to around 69000 or even as low as 69800 seems probable in the coming hours. If the support at 69750 holds, we may see another pump with targets at 69600 and potentially $69800.

👉 Failing to maintain the 50000 support could lead to further downside, with targets at 49600, 49500, 49300, and 48500.

👉 Notably, in 1 Week heatmap showing a significant amount of liquidation orders at $70200, totaling $598.61M, while the $65400 area holds $440.74 Million Long liquidation orders.

📍SHORT liquidation at 70200$
📍LONG Liquidation at 65400$

👉 Whales are actively involved in both sides stoploss hunt, so first hunt down side then up side usually, making the $65400 area a key level to watch. but this time Think Whale play different from we think because halving period loading nearly ... so NEW ALL TIME (ATH) possible.

👉 BTC TRADING in Symmetrical Triangle on the 4-hour timeframe. The current trading action suggests a potential pump followed by a retest of the trendline. A successful retest could propel the price towards 74000 and even $75000.

According to the 4-hourly chart.

4h Chart

📍- Resistance: $69600
🟢- Support: $69250

According to the 1-hourly chart.

1h Chart

📍- Resistance: $69500
🟢- Support: $69300

Considering the retest, there are two scenarios:

1. A successful retest could lead to a rally towards $75000.

2. However, if the retest fails, we might see a decline towards $67800.

Even if 20,000 people seeing this post, only 1% will follow & like this post because they want to learn for earn. I hope you're one of them. I don't know why 99% are not following me 😃.