BTCUSDT- Please don't be too pessimistic!
2024-09-24

Based on my previous analysis,  I believed that as long as Bitcoin stays within the bullish channel 📈 on the 4-hour time frame,  it could continue its strong upward trend towards the next targets:

Within the 4-hour bullish channel,  there are three key support levels that could stop the current decline and trigger a new upward movement 🚀:

First Support Level: 63,313.25-63,400.00
Second Support Level: 62,557.24-62,621.90
Third Support Level: 61,669.95-61,735.13

Bitcoin may build a bottom at one of these support levels and rise towards the following targets:
Target 1: 64,267.20-64,611.60 🎯
Target 2: 65,976.95
Target 3: 66,755.85
Target 4: 68,375.15 📈

Stop-loss for the strong uptrend scenario:
If the third support level (61,669.95-61,735.13) is broken downward on the 4-hour time frame, a temporary decline may continue towards the 57,877-59,337 range 📉, where a new upward trend could begin.

Thanks for watching and good luck