Technical analysis by AdaFiy about Symbol BTC: Buy recommendation (3/1/2024)

BTCUSDT.P A break occurs in the pennant view. If the closure is done in this way, two target tracking can be achieved. The first one will be the short-term pennant structure at the level of 69700, and the second will be the pennant formation structure with a broader view and a target of 75000. If the day closes above the red resistance, the target can be followed. If the red resistance area is not exceeded, then the structure may not work. It should be noted that even if the volume weakens due to the weekend, the formation may be disrupted.