BTCUSD Channel Formation - Targeting $69,000 to $72,000 in Two W

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📈 📈

In this setup, BTCUSD is showing strong momentum within a defined upward channel, aiming to reach the $69,000 to $72,000 range within the next two weeks. Given recent price action and underlying support, Bitcoin appears ready for a solid breakout within this range, providing an attractive risk-to-reward opportunity for traders.

Key Highlights:
Channel Resistance: Target range sits at $69,000 - $72,000.
Support Levels: Recent lows suggest strong support within the current trend channel, adding stability to the forecast.
Target Timeline: Two weeks based on technical indicators and recent momentum.
📌 Trading Plan: Monitor for any pullbacks to accumulate or look for confirmation of breakout signals to add positions. Manage risks with tight stop-losses below recent support levels to capitalize on this bullish setup.

🚨 Disclaimer: This is not financial advice. Always conduct your own research before investing.

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ملاحظة

Price still respects the zone

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تم فتح الصفقة

going good

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ملاحظة

price respected our analysis we reached the target