BTCUSDT Analysis by harmynder

Total Quality
Score
98769.7
94000.0000000000
102000
BTCUSDT
1H
Correct
Free
technical
The analysis focuses on the price action of BTCUSD, noting a significant pump following an inflation report. The price has moved from the buy zone into the red sell zone, which is at a 2.57% increase, which should be an area to take profits. The strategy is to buy closer to the green line in the price charts, where the price has historically bounced up. For example at around 3:13 PM or 12:30 PM Eastern Time, then it is advise to take profits when it gets to the red line. There is also discussion of indices (SPX, NDX, IWM) and other assets (gold, silver, bonds) showing similar price behavior. The analysis implies the importance of observing the green and red zones for potential entries and exits, suggesting that buying in the green zones and selling in the red zones is a good strategy.
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