Technical analysis by EstherLeblanc about Symbol BTC: Buy recommendation (10/25/2024)

Bitcoin (BTCUSDT) is currently testing resistance at the $68,000 level within a clear upward channel. From my analysis, the market is showing signs of potential retracement back toward the channel’s lower boundary, around $64,500.Strategic Outlook: Sell First, Buy LaterGiven the current setup, I recommend a sell-first strategy as BTC faces resistance. We can look for a buying opportunity when the price approaches support near $64,500. This approach allows us to capture profit during the downturn, while also positioning ourselves for a rebound as Bitcoin remains within its upward channel.By monitoring the $68,000 zone closely, we can time our entries and exits effectively to maximize returns in both directions..