Technical analysis by sahbil about Symbol BTC: Buy recommendation (1/2/2024)

BTCUSDT has touched an important monthly level, presenting a notable observation for traders. For those who missed this movement and are considering an entry point, the $44,200 area, highlighted by both weekly and daily levels, appears to be a promising option. This zone also aligns with the Fibonacci 0.382 level, adding to its significance. Additionally, should an ETF approval occur in the coming days, we could potentially witness a substantial surge in BTC, possibly reaching the $50,000 zone. Keep an eye on these developments for strategic trading opportunities.