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BTC & US30: Key Zones to Watch This Week
- ITUTvNews
- Aug 24
- 1 min read
Traders,
Markets continue to deliver opportunities for disciplined eyes. Here’s what we’re watching:
Bitcoin (BTC)
Friday’s bullish surge following Powell’s speech shifted BTC’s structure. The market is now consolidating in a bullish flag, a classic continuation pattern. Our watch zone: $45,100. This is where we plan to look for buying opportunities, anticipating another leg higher.
Upside targets: $117K initially, with extended potential to $123K–$124K if macro conditions stay favorable. Interest rate cuts or continued dollar softness could serve as the fuel crypto needs.
US30 (Dow Jones)
The Dow continues its impressive climb, closing the week with a fresh all-time high and a strong bullish weekly candle. While momentum is on the bulls’ side, we prefer patience. Our buy zone sits near $45,300, aligning with key Fibonacci retracements and potential dollar weakness. Entries will be validated on lower timeframes with reversal candles and volume confirmation.
Plan: Trade with precision – buy the retracement, not the top.
Want these levels marked on your charts? Join our live ITU sessions and gain full access to our strategy breakdowns.
👉 Visit myitu.org to enroll.
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