BTCUSD/D Is it an opportunity or a long slide for BTCUSD?
Updated
Long-term BTCUSD analysis:
The drop from the peak of 70000 shows us a new profit-taking zone for Bitcoin. Currently, the selling pressure is still very strong, which also presents a long-term opportunity for holding BTCUSD and Bitcoin.
The short-term trading trend remains SELL.
Key price ranges to note are: 46000-48000 and 37000-42000. It is predicted that BTCUSD could reach 80000 this year.
We should seize the opportunity to buy this long-term BTCUSD.
Recommendation:
Plan 1: SELL BTCUSD zone 59000- 60000
SL 62500
TP 55800 - 52500 - 49000.
Plan 2: BUY BTCUSD zone 47000-48000
SL 45000
TP 52000 - 58000 - 80000 - open.
Plan 3: BUY BTCUSD zone 37000 - 40000
SL 35000
TP 45000 - 52000 - 59000 - 80000.
The drop from the peak of 70000 shows us a new profit-taking zone for Bitcoin. Currently, the selling pressure is still very strong, which also presents a long-term opportunity for holding BTCUSD and Bitcoin.
The short-term trading trend remains SELL.
Key price ranges to note are: 46000-48000 and 37000-42000. It is predicted that BTCUSD could reach 80000 this year.
We should seize the opportunity to buy this long-term BTCUSD.
Recommendation:
Plan 1: SELL BTCUSD zone 59000- 60000
SL 62500
TP 55800 - 52500 - 49000.
Plan 2: BUY BTCUSD zone 47000-48000
SL 45000
TP 52000 - 58000 - 80000 - open.
Plan 3: BUY BTCUSD zone 37000 - 40000
SL 35000
TP 45000 - 52000 - 59000 - 80000.
Note
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