The BTC/USDT chart shows a strong upward trend, with the price currently trading within a stable ascending channel. Bitcoin has rebounded from the support level at 3,314.700 USD and is now heading towards the next target at 3,372 USD. This price structure, with higher highs and higher lows, indicates that the bullish trend is strengthening. If BTC remains above the support level at 3,334 USD, the probability of continuing the upward movement towards 3,372 USD is very high.
News Supporting the Uptrend:
FOMC Minutes: The dovish tone from the FOMC has weakened the USD, which supports BTC's upward trend.
Jobless Claims: Higher-than-expected jobless claims data signals a weaker economy, pushing BTC higher.
PMI Index: Weak PMI figures reinforce the decline of the USD and create favorable conditions for BTC's price increase.
Trading Strategy:
Buy when BTC stays above the current support level, targeting the next level at 3,372 USD. Protect capital with a reasonable stop loss.
News Supporting the Uptrend:
FOMC Minutes: The dovish tone from the FOMC has weakened the USD, which supports BTC's upward trend.
Jobless Claims: Higher-than-expected jobless claims data signals a weaker economy, pushing BTC higher.
PMI Index: Weak PMI figures reinforce the decline of the USD and create favorable conditions for BTC's price increase.
Trading Strategy:
Buy when BTC stays above the current support level, targeting the next level at 3,372 USD. Protect capital with a reasonable stop loss.
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📍 Accurate, verified technical analysis
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Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Top trading opportunities are waiting for you! : t.me/+TaRRH29IRysyNGJl
🔥 High-quality signals – Win rate up to 85%
📍 Accurate, verified technical analysis
⚡ Fast updates – Never miss a golden entry
🔥 High-quality signals – Win rate up to 85%
📍 Accurate, verified technical analysis
⚡ Fast updates – Never miss a golden entry
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.