Lingrid | BITCOIN Monthly CHART Signals SUPER BULLISH Momentum

29 июл.

The price perfectly fulfills my previous idea. It hit target level. On the daily timeframe, BTCUSDT is currently trading within a consolidation zone and has reached the upper boundary of this zone. Observing that the market has bounced off the top four times previously indicates that the fifth approach might lead to a breakout to the upside. As levels are tested multiple times, the likelihood of a breakout tends to increase. Looking at the monthly chart, the market appears very bullish, especially considering the strong July candle. With the Federal Funds Rate announcement scheduled for the end of this month, there is potential for the market to rally, possibly closing July above the consolidation zone and setting new all-time highs. Overall, I expect the market to move sideways for a bit before trending upward toward higher levels. My goal is resistance at 73740.

Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 👩‍💻