Hello, community members welcome to this BTC/USDT 1hr chart update by Domino crypto.
Don’t forget to hit the like button if you find this update helpful because this motivates me to bring this kind of update regularly.
Now, Let's get to the chart,
As I mentioned in my previous BTC shorter time frame chart that BTC was trading inside the triangle pattern and will break and bounce upside and BTC moved upward well.
In the current scenario, BTC again moved down and currently retesting the upper trend line of the triangle pattern at the price level of $30300 and also trading at the support zone.
So, here we can long BTC/USDT for short-term gain and close position if any candle closes below the lower trend line.
INVALIDATION: candle close below the lower trend line support in the hourly time frame will be the invalidation point of this chart analysis.
NOTE: This is not financial advice. This is for education purposes only. I am not responsible for the profits or losses you generate from your investments.
DO YOUR RESEARCH BEFORE MAKING ANY TRADES.
Thank you.
