Bitcoin / USDT

Weekly Report

🔹Price is expected to move inside the range now.

Upper range ➡️ 60300$

Lower range ➡️ 59400$

🔹Once Price breaks this range a big move will come.

🔹The most expected move is 61000$✅

🔹So we will try to find a good long position so that price can hit our 61000$ target.

How to take long ????

🔹If price breaks 60300$ level we can open long position.

🔹If price test 59500$ level and bounce we can take a long.

🔹In both cases target can be 61000$✅

Liqudity Present at 61300$.

🔹There is a hug chunk liquidity present at 61300$ that is going to be the next target.

🔹Wednesday we have FOMC where fed will announce rate cut.

🔹This is first time FED is going to rate cut a since nov 2021.

🔹0.25% rate cut is expected which is a bullish news for market.

🔹But marketmaker can still play with us.

🔹So our ultimate target for this week is 61000$✅

Bearish scenario

🔹This is less likely to follow but If price breaks the range below 59k level we can see a fall upto 56500$✅

Staty Tuned.

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