BTCUSDT: Waiting for a possible reversal
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In general, BTCUSDT has experienced a significant price increase, surpassing the $53,250 mark. It is currently trading at a new high of $63,750, marking a 0.96% increase for the day.
However, it can be observed that the price has reached the upper limit of the upward channel, so there is a possibility that the price will touch the channel's upper boundary and retest the 34 and 89 EMA levels, which are also the price levels that were previously broken through.
In general, BTCUSDT has experienced a significant price increase, surpassing the $53,250 mark. It is currently trading at a new high of $63,750, marking a 0.96% increase for the day.
However, it can be observed that the price has reached the upper limit of the upward channel, so there is a possibility that the price will touch the channel's upper boundary and retest the 34 and 89 EMA levels, which are also the price levels that were previously broken through.
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