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Technical analysis by Eldorado_Land about Symbol BTC: Buy recommendation (10/28/2024)

https://sahmeto.com/message/2928139
Eldorado_Land
Eldorado_Land
Rank: 6033
1.6
Buy،Technical،Eldorado_Land

**#BITCOIN Analysis Update**Based on the 1-hour timeframe ⏰According to the previous analysis (October 23), which I’ll pin below, #BITCOIN confirmed a bullish growth in the weekly timeframe 📈 after a breakout above the bearish channel. As I mentioned in the previous post, after the drop, growth resumed from the top of the bearish channel.However, the structure before this bullish growth is essential! Considering that we saw a gradual rising movement from the previous low (65,260) compared to the prior drop 🔄, this growth reached the monthly target 1 (69,033.05) and the daily growth target (69,171.32), along with the previous high in the 4-hour timeframe.Given this, there’s a chance for #BITCOIN to experience another drop before continuing its growth 🚀, potentially moving down to one of the following key support zones:Support Zone 1: 67,600.41 - 67,758.96 Support Zone 2: 65,596.29 - 65,681.29After touching one of these support zones, #BITCOIN may halt the drop and start a renewed bullish growth toward the next growth targets 📊.**Targets**: Target 1: 69,940.81 Target 2: 71,859.93 Target 3: 74,742.20⚠️ Important Note: If #BITCOIN closes above 69,280.00 in the 1-hour timeframe, the bullish growth will likely continue without any further drop towards the targets from this point onward.Hello, everyone! Did you catch this analysis in time? 😊 Overall, I was bullish and mentioned two scenarios. The second scenario, which was uninterrupted growth without any drop, happened after its condition was confirmed ✅.I’m sure you saw the results—3% sharp and uninterrupted growth! 📈🔥 Hope you made the most of this plan! 💰🚀

Translated from: English
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Signal Type: Buy
Time Frame:
1 hour
Price at Publish Time:
$69,018.49
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