BTC Bullish Reversal Brewing? My SMA Power Play Just Flashed BUY! 🚨
A detailed analysis of BTC on a 1-hour chart, highlighting a potential bullish reversal. Outlining a custom SMA Power Play Strategy generating buy signals near the $113K support level, with a key resistance at $114.5K and a target of $116.5K, offering a 2.5 risk-reward ratio. Analysis includes a supporting chart with trendlines and volume insights, encouraging traders to enter a long position with a stop below $112.8K.
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Looks like my analysis nailed it, $BTC $116.5K - 117.5K target hit! Now we watch the next move.
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