BTCUSDT: Short term idea

٢٣ ديسمبر ٢٠٢٣

While the price is above the rising trend line. If the ascending trend line is broken that the price will most likely fall to the lower border of the side channel. The following goals are worth considering:
1) 40348
2) 39587
3) 38450

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٢ يناير ٢٠٢٤

ملاحظة

According to the short-term option, the price only reached the middle of the channel and rebounded.

٩ يناير ٢٠٢٤

ملاحظة

Update

The price of Bitcoin came out of the side channel upward. Now there is consolidation above the level.

This is all happening because of the news. The #Bitcoin ETF will likely be approved on Wednesday and potentially trade on Friday or Thursday.

If #Bitcoin ETF is approved, Bitcoin could provide strong upward momentum.

If the ETF is not approved, then you can expect a good fall.

Also keep in mind the large liquidity around $33,900.