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BTC/USDT analysis -$BTC is currently consolidating in a triangle pattern above the 200-day exponential moving average (EMA). The price is expected to bounce back from there and eventually break out of the consolidation phase, potentially reaching a new all-time high. Stop loss (SL) would be placed below the pattern. To go long, wait for the price to break above the $71,700 level. However, if the price fails to break upside and instead breaks downside, the setup will fail and the price may decline further.
TF : 4h
Entry : $71700
Target : $83000
SL : $64200
@CryptoRROFFICAIL
