BTCUSDT: The uptrend channel remains intact
2024-09-26

Hello everyone, let's analyze and plan a trading strategy for Bitcoin today!

Overall, it has just experienced a decline when it hit the resistance level of $64,500. However, looking at the technical chart, I see that the uptrend is still stable with the parallel price channel intact, and no signs of reversal from the EMA 34 and 89.

Based on this analysis, traders can consider buying when the price retraces to the channel boundary. But this is just a trading idea, so I will be cautious. If the price breaks the channel, it may be necessary to change the strategy to sell with the trend.

Good luck with your trading! Don't forget to share your thoughts on this analysis!