Technical analysis by EmmaLe about Symbol BTC: Buy recommendation (12/9/2023)

BTCUSDT quickly broke out of the downtrend channel on Friday. The price swiftly surged to a new high above $44,000 and is currently undergoing a short-term corrective phase. Immediate support is now at the $43,700 level. BTCUSDT will take advantage of this opportunity to continue its upward momentum towards the next target at $46,000.