BTCUSDT Breaks Out From Support: Bullish Opportunity To 69,500
2024-10-25

Based on the 2-hour BTCUSDT chart, we can see that the Inverse Head and Shoulders pattern has completed, which is a potential sign of a bullish move. Currently, the price has retested the support zone (around 67,600 - 68,000 USDT), where the EMA 34 and EMA 89 are converging, indicating that the uptrend is still in place.

Trading plan:

Buy at the support zone of 67,600 - 68,000 USDT.
Short-term price target: 69,500 USDT.