$BTC /USDT: Consolidation Before the Next Big Leg? ๐
$BTC is currently holding steady at $70,442.95, showing a modest +1.27% gain
Trade Setup: LONG
Entry Range: $70,000 โ $70,500
Stop Loss: $68,700
Take-Profit 1: $71,400
Take-Profit 2: $72,500
Take-Profit 3: $73,800
๐ Technical Justification:
Support Level: BTC has established strong psychological and technical support around the $69,000 โ $70,000 zone. As long as we hold above the recent low of $68,793.35, the bullish structure remains intact.
MACD: The MACD is currently in positive territory (56.07), though the histograms are flattening, suggesting a temporary pause in momentum before a potential breakout attempt.
Price Action: The chart shows a "Cup and Handle" style formation on the hourly timeframe. A clean break above $71,500 could trigger a massive short squeeze toward new local highs.#Crypto_Kite_AKS #Cryptokite #MarchFedMeeting #astermainnet #FTXCreditorPayouts
Trade Here On ๐..
