BTC/USDT (Futures) Long-Term Trend: Bullish
Key Resistance Levels: 53180.53, 55966.11, 58853.19.
Key Support Levels: 50344.26, 48416.53, 46283.97.
Daily Time Frame:
The price on the higher time frame managed to break the bearish channel to the upside after leaving a huge wick to the downside and posting a Wyckoff accumulation phase. In addition, the market succeeded to break the 50344 USDT mark to the upside after posting a correction near this zone. We expect further movement to the upside in the coming hours.
BTC/USDT (Futures) Medium-Term Trend: Bullish
1-Hr Time Frame:
On the lower time frame, the price succeeded to break the bullish flag to the upside with the help of the buyers near the bespoke support level (Highlighted Zone). A lower correction could be seen to the highlighted area before a new bullish impulsive wave toward the target profits.
Buy Limit Order @ 50678.51
TP 1 @ 52929.89
TP 2 @ 53180.53
Stop Loss @ 49557.61
Trade Safely 🙂