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Bitcoin experienced a surge in its value because BTC ETF trading began on the Hong Kong exchange. However, the price is currently unable to surpass the triangle and is now cooling off. It remains to be seen whether the price will be able to move towards the $64,000-$65,000 level or not. The support and resistance levels remain the same.
NULS analysis:
The current price is being tested near the support area and this level must be held. If you plan to open a long position, it is recommended that you do so at the support area while keeping a tight stop loss. We might observe an upward movement from this point towards the triangle's resistance line.
Support Area: $0.57-$0.615
Resistance Area: $0.72-$0.74
#ETH/USDT
Signal Type: Regular (LONG)
Leverage: Cross (50X)
Amount: 5.0%
Entry Targets:
1) 3277
Take-Profit Targets:
1) 3320 (75%)
2) 3400 (25%)
Stop Target:
1) 3240