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LiQiangCrypto

01/31 17:24

Veteran trader Peter Brandt has raised caution on

Veteran trader Peter Brandt has raised caution on Bitcoin after identifying another sell signal, noting that a bear channel has now been completed. According to Brandt, such patterns often suggest continuation pressure rather than an immediate reversal. He also emphasized that charts can always evolve, adding that BTC must reclaim the $93,000 level to invalidate the bearish setup. Currently, price remains below declining moving averages, with former support near $98,900 acting as resistance, and a longer-term descending trendline capping upside. Until BTC regains key levels, risk-managed futures trading and patience remain essential.
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