Technical analysis of Bitcoin (BTC) versus Tether (USDT)
Short-term Traders:
Look for buying opportunities around the current price level with a target towards the X wave resistance.
Watch for potential reversal signals at the Fibonacci levels for short-term profit-taking.
Long-term Investors:
Monitor the completion of the Z wave for a potential long-term buying opportunity.
The anticipated wave 5 suggests a strong bullish trend, which could provide substantial gains.
Keep in mind that technical analysis is speculative and involves risks. Always consider multiple factors and conduct thorough research before making trading decisions.
Look for buying opportunities around the current price level with a target towards the X wave resistance.
Watch for potential reversal signals at the Fibonacci levels for short-term profit-taking.
Long-term Investors:
Monitor the completion of the Z wave for a potential long-term buying opportunity.
The anticipated wave 5 suggests a strong bullish trend, which could provide substantial gains.
Keep in mind that technical analysis is speculative and involves risks. Always consider multiple factors and conduct thorough research before making trading decisions.
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