BTCUSDT Analysis by themoon

The analysis begins by discussing news events that are happening and some economic data, then transitioning to the technical analysis. They present the current status of cryptocurrency, covering the news surrounding President Donald Trump's signing of cryptocurrency legislation, and a discussion on the Bitcoin price. The analysis of Bitcoin is as follows: a break above the upper trendline in an ascending triangle is needed on a one-hour timeframe. If this occurs, the target is placed near $115,000. For ETH the same is true, expecting a break from the falling wedge, with a limit entry at $3290. They have a stop loss on the table as well. They say the crypto community generally is bullish regarding the market trend, and if you were to scale a long with ETH with a small amount, or increase it upon confirmation of said break, you can have a more accurate prediction of upwards movement.