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Price has formed a descending channel on the 4-hour chart
The market appears to be catching support around $6.20 and signaling a potential reversal
A breakout is expected to catalyze a +70% bullish rally, targets: $8.36 → $9.82 → $11.70
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#BTC/USDT ANALYSIS
Bitcoin is gaining momentum from the support trendline of an ascending triangle, suggesting a potential bounce. A breakout above the triangle would confirm a bullish trend.
Additionally, the Ichimoku Cloud is providing support, further indicating bullish momentum.
Conversely, a breakdown below the triangle's support trendline would signal a bearish trend.
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#ENA is breaking out of a descending channel on the 4-hour chart
A successful breakout can provide a 45-50% bullish rally
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