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Btcusdtlong

BTC:Wait for the turning point Bitcoin is currently in its third consecutive week of decline and has fallen below the 22,000 support level. Given Federal Reserve Chairman Powell's suggestion that interest rates are likely to continue to rise in the foreseeable future, Bitcoin's price has broken below its previous resistance and hit a low of 21,598 US dollars. As the semi-annual monetary policy statement continues to affect market sentiment, both fundamental and technical factors have contributed to the price trend of Bitcoin. Higher interest rates have a negative impact on risk assets, including major cryptocurrencies, because holding cryptocurrencies does not generate interest income. As the commodity channel index (CCI) falls into negative territory, technical indicators suggest that Bitcoin may already be oversold. However, as Bitcoin's price lingers around the next psychological support level of 22,000, breaking below this level could further tilt the price downward. The 21,376 US dollar support level from February lows could become the next support level, but it may also be a new turning point. Nevertheless, it must be admitted that breaking this level could bring market attention back to the 20,000 US dollar level. Therefore, it is advisable to maintain a light position in trading. I have in-depth research on futures products such as cryptocurrencies, foreign exchange, stocks, gold, and crude oil, and I also update some daily trading layouts. Thank you for your attention and likes. If you have any questions, feel free to leave me a message, and I will give you the most prudent advice. I hope I can help you.
Long
by FlashTrades_
4
BTCUSDT long position#BTCUSDT While analysts are trying to understand what's next, we can simply aim for 28,000. I'm currently looking for an entry point into a long position. ✔️ We've seen a fairly rare expanding wedge pattern (bullish model) forming. The pattern is quite beautiful and it can be worked with. There's also a global ascending channel. Additionally, if you pay attention to volume, you can notice a total domination of purchases. ❗️ Briefly about the situation. A pullback to the range of +/- 20-21,000 is also possible, as that's where an accumulation zone was formed before the continuation of growth. I'm publishing a highly probable scenario for further price movement. The target remains at 28,000.
Long
by CHOWTRADE
2
BTC LONG!BYBIT:BTCUSDT.P BTC needs to break and hold 22.7k level for upside and possible breakout of $25k level. We build ideas from support. Possible entry at pullback "zone" - look for fake out with entry trigger via bullish candle in this area for upside. Chart shown is compressed to provide more holistic view. If you liked this idea or if you have your own opinion about it, write in the comments. The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations. SPX has had a good bounce off the 200 Daily so pullbacks will provide entry ideas for BTC at pullback zone.
Long
by imr4nkh8n
Bitcoin Move to 150K on a monthly predictionHey guys, Here's a monthly chart on Bitcoin, keeping it way too simple. (: I believe the major bull run to 150K area will begin only after the test of 10-12K area. There's even a possibility of a wick to 6-7K when that happens. Remember this is monthly chart. The chart and the drawings on it speaks for itself so I won't go into details that much. In 2023, I'm assuming these drops and in 2024, we'll begin the moves with the halving helping the moves as well. So I've selected investment strategy as short for the time being when publishing this idea but in long term it's still long. PS: This is not a financial advice! Always DYOR. Cheers!
BITSTAMP:BTCUSDShort
by koklucinar
1