#BEAT Market Analysis
BEAT/USDT is trading at 1.96695 on the daily after a violent rejection from the 11.00000 highs that wiped out nearly 80 percent of the parabolic move in just days, with price now stabilizing above the 1.60000 area following the capitulation flush. The ascending trendline from the February low at 0.14000 continues to slope below current price near 0.90000, providing the broader macro support that defined the entire multi-month uptrend before the recent blow-off top.
Bull case: hold above 1.60000 and reclaim 2.50000 to confirm the base, opening room toward 3.50000 and a retest of 4.50000. Bear case: lose 1.60000 and continue lower, exposing deeper downside toward 1.20000 and the ascending trendline near 0.90000. Watch the 1.60000 to 2.50000 zone closely for the next directional resolution.
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Bitcoin Bullets® Trading
BEAT/USDT is trading at 1.96695 on the daily after a violent rejection from the 11.00000 highs that wiped out nearly 80 percent of the parabolic move in just days, with price now stabilizing above the 1.60000 area following the capitulation flush. The ascending trendline from the February low at 0.14000 continues to slope below current price near 0.90000, providing the broader macro support that defined the entire multi-month uptrend before the recent blow-off top.
Bull case: hold above 1.60000 and reclaim 2.50000 to confirm the base, opening room toward 3.50000 and a retest of 4.50000. Bear case: lose 1.60000 and continue lower, exposing deeper downside toward 1.20000 and the ascending trendline near 0.90000. Watch the 1.60000 to 2.50000 zone closely for the next directional resolution.
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Bitcoin Bullets® Trading
#BEAT Market Analysis
BEAT/USDT is trading at 2.6341 on the 4h after another clean bounce off the ascending trendline from the June 25 lows near 1.8400, with price recovering above 2.5500 and pushing back toward the mid-range of the recent structure.
Bull case: hold above 2.5500 and reclaim 2.8000 to extend the recovery, opening a push toward 3.0000 and a bigger move higher.
Bear case: lose 2.5500 and break the trendline near 2.4000, exposing 2.2500 and a deeper flush toward 2.0700.
Are you buying this test of support, or waiting for a real breakout above the range?
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Bitcoin Bullets® Trading
BEAT/USDT is trading at 2.6341 on the 4h after another clean bounce off the ascending trendline from the June 25 lows near 1.8400, with price recovering above 2.5500 and pushing back toward the mid-range of the recent structure.
Bull case: hold above 2.5500 and reclaim 2.8000 to extend the recovery, opening a push toward 3.0000 and a bigger move higher.
Bear case: lose 2.5500 and break the trendline near 2.4000, exposing 2.2500 and a deeper flush toward 2.0700.
Are you buying this test of support, or waiting for a real breakout above the range?
➖➖➖➖➖➖➖
Bitcoin Bullets® Trading