BTCUSDT: Strategic Support Zone and Strong Growth Opportunity
2024-10-21

Dear traders, Edward here!
BTCUSDT on the 1-hour chart is currently showing strength in a steady uptrend. After an impressive rally, the price has just hit the upper boundary of the trend channel, and there is a slight correction towards the 68,700 - 68,500 USDT area. This is not only a strong support area but also the convergence of two important EMAs (34 and 89), further strengthening the belief that this is a key area that the market is watching.

If the attention continues to be focused on BTC at current price levels, investors can expect explosive moves as the market regains confidence and pushes prices to new highs.