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Binance Futures, ByBit USDT #LPT/USDT Take-Profit target 2 ✅ Profit: 38.9113% 📈 Period: 1 Days 12 Hours 13 Minutes ⏰

Binance Futures, ByBit USDT #LPT/USDT Take-Profit target 1 ✅ Profit: 27.8226% 📈 Period: 1 Days 1 Hours 51 Minutes ⏰

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#BTC/USDT ANALYSIS BTC rejected from the descending trendline and now it is holding above the horizontal support. A sustained breakdown of the horizontal support will confirm a downward move toward the horizontal support. A bounce from here and a breakout of the descending trendline would confirm a move toward the point of control level, which is the main level for bulls to break out for the confirmation of a strong bullish rally in the market.

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#BTC/USDT ANALYSIS BTC bounced after successfully retesting the descending trendline and horizontal support. Currently, it is facing a trendline resistance at $27500. A breakout of this level would confirm a move toward the point of control level of $28302, which is the main level for bulls to do a solid breakout for the confirmation of a strong bullish rally. In case of rejection and a sustained breakdown of the ongoing horizontal support a downward move is also expected toward the lower marked horizontal support.

Binance Futures, ByBit USDT #TRU/USDT All take-profit targets achieved 😎 Profit: 34.1062% 📈 Period: 2 Hours 25 Minutes ⏰

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#BTC/USDT ANALYSIS BTC pumped with a very high volume after the successful retest of the falling wedge, which is the confirmation of a bullish trend in the market. Currently, it is retesting above the horizontal and MA 200 support. A successful retest above it would be a sign of a strong bullish move toward the order block of $47000.

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#BTC/USDT ANALYSIS BTC breakout the descending trendline and the main horizontal resistance. Currently, it is retesting above them. RSI is bouncing from the oversold region and printing bullish divergence. A successful retest would be a sign of a bullish rally in the market, while a failed retest would result in another downward move.

#BTC/USDT ANALYSIS BTC is retesting below the neckline of the head & shoulder. It bounced from the MA 200 with a decent volume. The overall volume is very less in the market. The horizontal resistance must be reclaimed by the bulls to invalidate the head and shoulder pattern and signal a bullish trend. A successful retest would be a sign of a bearish move toward the horizontal support.

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