BTCUSDT is moving sideways waiting for a new boom
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Overall, BTCUSDT has been consistently moving sideways within a range of 68,000-65,625 compared to yesterday. As I mentioned earlier, I still prioritize buying with the potential formation of a DOW pattern. It is currently trading at a new high of 67,596, after reaching 68,000, marking a 1.21% increase for the day.
On the 1-hour chart, as I mentioned before, BTCUSDT is currently receiving strong support at the 65,000 level. Breaking below this level will lead to a significant price decrease, while maintaining this level will result in price increase. Upon careful observation, both the 34 and 89 exponential moving averages (EMA) indicate potential momentum changes and the revival of an upward trend.
Overall, BTCUSDT has been consistently moving sideways within a range of 68,000-65,625 compared to yesterday. As I mentioned earlier, I still prioritize buying with the potential formation of a DOW pattern. It is currently trading at a new high of 67,596, after reaching 68,000, marking a 1.21% increase for the day.
On the 1-hour chart, as I mentioned before, BTCUSDT is currently receiving strong support at the 65,000 level. Breaking below this level will lead to a significant price decrease, while maintaining this level will result in price increase. Upon careful observation, both the 34 and 89 exponential moving averages (EMA) indicate potential momentum changes and the revival of an upward trend.
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