BTCUSDT: Cup With Handle Breakout Pattern, Next Target $70,000
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Hello TradingView traders! Today, we are going to analyze an extremely attractive setup on the 4-hour BTCUSDT chart.
Looking at the chart, we can see that BTC is in a clear uptrend after breaking the strong resistance at $66,000. This is an important level that has been tested many times in the past and was finally broken with impressive momentum without any significant reversal signs. The support at $66,000 is now acting as a key support point, providing a solid foundation for the next rally.
Interestingly, BTC is creating a complete cup with handle pattern - an extremely strong pattern that shows continued bullish signals in the medium to long term. Today's trading strategy will be to buy at $66,000, wait for a correction to the support level and then enter the order with the expectation that the price will continue to rise. Manage your capital carefully and wish you successful trading!
Looking at the chart, we can see that BTC is in a clear uptrend after breaking the strong resistance at $66,000. This is an important level that has been tested many times in the past and was finally broken with impressive momentum without any significant reversal signs. The support at $66,000 is now acting as a key support point, providing a solid foundation for the next rally.
Interestingly, BTC is creating a complete cup with handle pattern - an extremely strong pattern that shows continued bullish signals in the medium to long term. Today's trading strategy will be to buy at $66,000, wait for a correction to the support level and then enter the order with the expectation that the price will continue to rise. Manage your capital carefully and wish you successful trading!
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