Technical analysis by tradingsmithaltcoin about Symbol BTC: Buy recommendation (11/27/2024)

BTC/USDT is in a trend of increasing sharply after breaking down the long -term decrease. Technical factors such as new increase channels, EMA support, and important support areas have strengthened the ability to continue increasing prices. With an appropriate trading strategy, investors can take advantage of the adjustment to participate in the market, with the expectation of higher prices. However, it is necessary to comply with risk management and closely monitor the new market developments to adjust the strategy in time.Trading strategy suggestedInput score (entry):Buy when the adjustment price to the first support area (~ 90,000 USDT) or when the signal appears to increase from EMA 34.Monitor candle signal like Engulfing Bullish or Pin Bar to confirm the purchase force.Short -term goal: 96,000 USDT.Medium -term target: 112,000 USDT.