BTCUSDT TECHNICAL ANALYSIS SHORT TERM VIEW
15 minute chart showing calculations it is running in positive trend and stop loss is 53000 level . It can rise towards 74000 level positionally . .Intraday purpose buying is better with stop loss 53000 level expecting intraday targets 58600 , 58800 and 59000 levels respectively .Strong support area is 54000 to 57000 level . Wave 5 can take bitcoin towards 75000 dollar level from this major support .
QUICK FUNDAMENTAL LOOK
The institutional adoption of spot Bitcoin exchange-traded funds (ETFs) saw a significant uptick during the second quarter of 2024 despite Bitcoin’s recent correction.
POC = Risk is a part of trading, use caution when placing orders and take market advice only into account.