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On the BTCUSDT 1-day chart, an inverse head and shoulders pattern has emerged, signaling a potential bullish reversal. This pattern often suggests an upward market movement following a downtrend. Supporting this outlook, the Relative Strength Index (RSI) indicates positive momentum, pointing to increased buying pressure. Additionally, BTCUSDT has broken through a significant resistance line, bolstering the bullish sentiment. These technical indicators together suggest a bullish trajectory for BTCUSDT in the near term.
ENTRY - 69500.00 or Market Price
Signal Type - LONG
Take Profit Targets:
1. 70000
2. 72500
3. 74000
4. 76500
Stop Loss - 68000
Leverage - 5x
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