Technical analysis by Quantili about Symbol BTC: Buy recommendation (9/9/2024)

🚀 Hey Traders! 🚀🔥 An exciting setup is brewing on the Bitcoin chart!BTC is sitting at a strong support zone around $53,000 and just started to bounce higher. 📈 The price also tapped the lower band of the Bollinger Bands—a solid signal for a potential long move!💥 Plus, we’ve got an engulfing candlestick pattern on the 4-hour chart, flashing bullish vibes. If the momentum continues, the next target could be in the 60K-65K range. 🌕👀 Keep an eye on this week’s main event: US inflation data. The consensus is that inflation will stay flat for August, and the big talk is about a possible rate cut in September. No major surprises are expected, but stay sharp!💬 What’s your take on Bitcoin? Drop your thoughts in the comments below!🚀 Let’s get this discussion going! 🚀