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BITCOIN Q4 IS ALMOST HERE! 🚀
BTC
88,207.72
+1.17%
$BTC 

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📊 Chart Observation (4H Timeframe) Current Price: 2.61 Bollinger Bands: Price recently broke above the middle band (MB 2.50) and is approaching the upper band (UP 2.66). EMA(21): 2.54 → price trading above EMA — bullish signal. RSI(7): 71 → nearing overbought zone. Volume: Increasing strongly in the last few candles (bullish confirmation). --- 📐 Pattern Analysis ✅ Pattern Forming: Rounded Bottom (Cup) / Cup-and-Handle Beginning Here’s why: You can see a gradual U-shaped curve from the low near 2.28 → 2.61, forming a smooth rounded bottom. The neckline resistance is around 2.65 – 2.70, which matches the Bollinger upper band. Volume increasing near breakout point — a key sign of a cup breakout. If it retraces slightly from 2.65 to around 2.55, that could form the “handle”, before the next big upward leg. --- 🎯 Next Levels to Watch Immediate Resistance: 2.65 → 2.70 (Breakout Zone) Next Targets (if breakout holds): TP1: 2.85 TP2: 3.00 TP3: 3.15 (Major resistance from previous top) Support Levels: 2.50 → 2.44 → 2.28 --- ⚠️ Possible Scenarios 1. Bullish Case (70% Probability) Break above 2.65 with strong volume → triggers breakout → move toward 2.85–3.00. 2. Bearish Case (30% Probability) Rejection near 2.65 → pullback to 2.50–2.55 to form handle → then another breakout attempt. --- 🧭 Summary Pattern: Rounded Bottom (Cup) with possible Handle forming. Trend: Bullish bias confirmed by EMA crossover and volume. Caution: RSI is high — short-term pullback possible before breakout continuation.

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You gave wrong Trade

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