BTCUSDT Here's How I Interpret Our Outlook 
2024-12-30
Category: None

 BTC/USDT. Here's how I interpret outlook:

1. Support Zone (92K to 90K): You're expecting BTC to find strong support between 90K and 92K, suggesting a potential buying opportunity once this level holds.

2. Buy Position Area: If BTC reaches this support zone and shows signs of stabilization, you plan to enter a long position, expecting an upward move.

3. Take Profit Levels:

TP1 (97K): The first take-profit level at $97,000.

TP2 (102K): The second take-profit level at $102,000.

This strategy relies on BTC holding strong support in the 90K–92K range. If the price successfully bounces from here, the expectation is a move towards the 97K and 102K levels.

Keep an eye on market momentum, volume, and any potential signals that may indicate a breakout or rejection around these levels. If BTC falls below 90K, this might invalidate your setup.

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