Technical analysis by UpstreamTraders about Symbol BTC: Buy recommendation (12/1/2024)

Bitcoin: The Crypto Rally Isn’t Over—Are You Ready for the Next Leg?Bitcoin has been leading the charge in the recent crypto rally, showing strength and resilience across key levels. While some traders might expect a pause or a pullback, I don’t think the bullish momentum is done just yet.I believe there’s at least one more leg up in this rally, and I’m preparing to capitalize on the move. Here’s the breakdown:Momentum in the Crypto MarketBitcoin has been riding a wave of optimism, driven by institutional interest, improving sentiment, and favorable macro conditions. The broader crypto space seems to be in a risk-on mode, supporting further upside potential.Bullish Continuation LikelyThe recent rally has broken key resistance levels, signaling strength in the trend. While short-term consolidation or small pullbacks may occur, the overall trajectory remains upward.Trade IdeaLooking for Longs: My bias remains bullish, and I’m ready for the next move higher. I’m focusing on dips into support zones or breakouts above resistance for potential entry points.Risk Awareness: While the rally looks strong, volatility in crypto markets can strike unexpectedly. Managing risk remains crucial.