Bitcoin / USDT Weekly Report 16 September 2024
Weekly Report
🔹Price is expected to move inside the range now.
Upper range ➡️ 60300$
Lower range ➡️ 59400$
🔹Once Price breaks this range a big move will come.
🔹The most expected move is 61000$✅
🔹So we will try to find a good long position so that price can hit our 61000$ target.
How to take long ????
🔹If price breaks 60300$ level we can open long position.
🔹If price test 59500$ level and bounce we can take a long.
🔹In both cases target can be 61000$✅
Liqudity Present at 61300$.
🔹There is a hug chunk liquidity present at 61300$ that is going to be the next target.
🔹Wednesday we have FOMC where fed will announce rate cut.
🔹This is first time FED is going to rate cut a since nov 2021.
🔹0.25% rate cut is expected which is a bullish news for market.
🔹But marketmaker can still play with us.
🔹So our ultimate target for this week is 61000$✅
Bearish scenario
🔹This is less likely to follow but If price breaks the range below 59k level we can see a fall upto 56500$✅
Staty Tuned.