BTCUSDT is currently trading within a stable price range, with a clear uptrend channel forming. After bouncing off the strong support at 116,000 USD, BTCUSDT is likely to continue its bullish momentum, with the first target set at 123,000 USD.
The latest news from the cryptocurrency market shows a growing confidence in Bitcoin, driven by positive signals from major financial institutions. Recent price corrections have created good buying opportunities for investors. The global economic situation, particularly the weakening of the USD and increasing institutional adoption of Bitcoin, is driving BTC's value higher.
Trading Strategy:
Buy: Enter a buy position when the price approaches the 116,000 USD support level again or breaks above 117,000 USD.
Stop-loss: Set a stop-loss below the 116,000 USD support level to protect in case of a reversal.
With the current market structure and supportive factors from both news and technical analysis, the bullish trend of BTCUSDT is highly likely to continue in the near term.
The latest news from the cryptocurrency market shows a growing confidence in Bitcoin, driven by positive signals from major financial institutions. Recent price corrections have created good buying opportunities for investors. The global economic situation, particularly the weakening of the USD and increasing institutional adoption of Bitcoin, is driving BTC's value higher.
Trading Strategy:
Buy: Enter a buy position when the price approaches the 116,000 USD support level again or breaks above 117,000 USD.
Stop-loss: Set a stop-loss below the 116,000 USD support level to protect in case of a reversal.
With the current market structure and supportive factors from both news and technical analysis, the bullish trend of BTCUSDT is highly likely to continue in the near term.
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🔥 High-quality signals – Win rate up to 85%
📍 Accurate, verified technical analysis
⚡ Fast updates – Never miss a golden entry
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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.