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Apr 10, 2024 1:27 AM

BTCUSDT Analysis: Eyeing 'Cup and Handle' at 67K Support Short

BTCUSDT SPOTBitget

Description

"Currently observing BITGET:BTCUSDT as it continues its correction phase, finding a pause at the crucial 67,000 level. This appears to be a healthy pullback for the asset. Notably, there's an emerging possibility of forming the 'handle' part of a 'Cup and Handle' pattern on the daily chart, suggesting potential bullish momentum ahead. I'm keeping a close watch on this development and will be looking for confirmatory signals for the completion of the pattern. What are your thoughts on this setup?"

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