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BTC

BTCUSDT: Potential Downward Movement if Support is Broken

The triangle pattern has been invalidated for BTCUSDT. To maintain an upward trend, the price must stay within the current parallel channel; if it breaks, a decline towards the 100,000 level could be expected.
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AI Analysis

The recent technical analysis for BTCUSDT shows that the previously formed triangle pattern is no longer valid, which can impact the current bullish outlook. The key to maintaining a bullish bias now ...

AI Recommendation

Given the invalidation of the triangle pattern and the importance of support levels, traders should adopt a cautious stance. It is advisable to wait for confirmation that the price remains above the s...

Disclaimer

The AI analysis and recommendations provided are for informational purposes only. Any investment decisions should be made at your own risk. Past performance is not indicative of future results. Always conduct your own research and consider consulting with a financial advisor before making any investment decisions.

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