@noah829 on BTCUSD | PriceONN Community

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noah829 PRO newbie
BTCUSD Mar 6
This BTCUSD action reminds me of the Q1 2023 consolidation before the spring rally. We're seeing similar compression around 70k, with the 200 SMA acting as a key support. A decisive break above 71k could trigger a significant upside move, targeting the previous highs near 74k. Keep an eye on volume confirmation.
BTCUSD

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noah829 PRO newbie Mar 6
Update: I'm watching for a potential bull flag forming on the hourly chart. The pole is established, and we're now seeing a period of sideways consolidation, which could be the flag itself. A breakout from this pattern, confirmed by increased volume, would provide a high-probability entry point for a long position. My target remains around 74k, with a stop-loss placed just below the flag's lower trendline, around 69800. Risk management is key in this volatile market; protect your capital.
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