$BTC Market Analysis

SEPTEMBER 29th, 2024

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⚪️TECHNICAL (WEEKLY)

On the weekly timeframe, the price action of $BTC broke out of its resistance trendline from both the falling wedge and descending triangle patterns. 📈🔺

However, the price action is now facing its horizontal resistance, marked between $69,961 and $65,730. 📊

⚪️WRAP-UP (VIP)

The price action is currently respecting its resistance level, and it needs to flip that into support to show further strength in the price action. 📊💪

All the EMAs are indicating support levels, adding to the potential bullish momentum. 📈🔄

$BTC DAILY RANGE:

📈Upper Limit: $69,943

📉Lower Limit: $60,490

(+-19.96% based on moving average volatility open/endpoints)

📌SCALP ENTRIES (VIP)

(*Advanced traders only - moderate/high risk)

🔵LONG

💲64,500

🔴SHORT

💲68,247

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#BULLDOZE_01

#Write2Earn!