BTC accumulation - rising trendline

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BTC accumulation - rising trendlineBitcoin / TetherUSBINANCE:BTCUSDTJJainyπŸ”ΊRelated Information: (BTC) Bitcoin remains exposed to further downside risks amid escalating Middle East tensions, with the conflict between the US and Iran reviving risk-off dynamics similar to those seen at the onset of the Russia–Ukraine war. Under this backdrop, BTC could slip toward the $50,000–$60,000 zone as geopolitical stress, potential disruptions to oil supply via the Strait of Hormuz, and weaker Asian equity markets undermine risk appetite. The environment echoes past periods of market strainβ€”when aggressive tightening by the Federal Reserve and systemic shocks amplified losses across high-risk assets. πŸ”œπŸ”œπŸ”œπŸ”œπŸ”œπŸ”œπŸ”œπŸ”œπŸ”œπŸ”œ πŸ“Œ Chart analysis: πŸ”— Short-term timeframes: M15, M45, H1 H1: Short-term chart mainly shows sideways movement and consolidation around the important 67k price level. Moving along the trendline, short-term buying pressure recovery. πŸ”— Medium-term timeframes: H2, H4 The long-term trend remains downward, mostly trading below the moving averages. Key zones: πŸ”— Supply zone (resistance): 70.500 πŸ”— Demand zone (support): 67.000 πŸ”— Three EMA moving averages; technical indicators: stochastic, volume set up signal : πŸ”— BUY XAU 67400 - 67200 stoploss: 66400 Take profit : 68200 - 69700 - 70500 πŸ”œπŸ”œπŸ”œπŸ”œπŸ”œπŸ”œπŸ”œπŸ”œπŸ”œπŸ”œ ✏️ Personal opinion: The war may have a negative impact in the short term, but then market sentiment gradually stabilizes and recovers, accumulating around 70,000. πŸ“₯ Follow us for the most accurate gold price trends.