Technical analysis by Justin_hello about Symbol BTC: Buy recommendation (7/17/2024)

BTCUSDT is heavily influenced by the news that the SEC is nearing the approval of the first Bitcoin ETF. The current trend of BTCUSDT is strongly bullish. The 4-hour chart shows that Bitcoin's price has been continuously increasing over the past few days. The price has broken through the key resistance level at 65,000 USDT, creating a strong breakout signal. This indicates that the upward momentum is still very strong and likely to continue. The situation suggests that BTCUSDT still has the potential to rise through the resistance zone and reach up to 68,062.