BTC Update:
BTC faced rejection after reaching $97.8k, and with the current price at $94.4k, it is now in Retest Range 1 between $92.5k and $94.5k. This range has previously shown multiple rebounds, but when compared with the RSI, the chances of further rejection appear higher.
In another scenario, if BTC fails to hold Retest Range 1, we may see it pulling back or retesting levels around $87k.
Be cautious with multiple long positions for now and always trade with a proper stop-loss.
Regards,
Dexter
BTC faced rejection after reaching $97.8k, and with the current price at $94.4k, it is now in Retest Range 1 between $92.5k and $94.5k. This range has previously shown multiple rebounds, but when compared with the RSI, the chances of further rejection appear higher.
In another scenario, if BTC fails to hold Retest Range 1, we may see it pulling back or retesting levels around $87k.
Be cautious with multiple long positions for now and always trade with a proper stop-loss.
Regards,
Dexter
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.