BTCUSDT: Trend and Trading Strategy
2024-09-25

Bitcoin (BTC) is maintaining its upward momentum due to economic factors and market news. A weaker USD and falling U.S. bond yields are making Bitcoin more attractive to investors.

 Key factors influencing BTC: 
Weaker USD: A declining USD value makes Bitcoin more appealing for investors using other currencies.
Lower bond yields: Low-interest rates push investors towards assets like Bitcoin.
Regulatory news: Expectations of Bitcoin ETFs boost institutional investor interest.
Global economic uncertainty: Geopolitical tensions and recession fears drive demand for safe-haven assets like Bitcoin.

 Technical analysis: 
Support: $64,200 - $64,300
Resistance: $64,576.51
If Bitcoin holds above the support range, it could break through resistance and rise towards $65,200.

 Trading strategy: 
Wait for a breakout above $64,576.51 and enter long with a target of $65,200.
Buy near support at $64,200 - $64,300 and sell around $64,500 - $64,600.
Stop loss: Set a stop loss below $64,300 to manage risk.
Bitcoin has strong potential to break higher as the market continues to favor upward momentum.
