Analysis of Bitcoin on the H4 timeframe on 28/02/2024:
- Bitcoin's uptrend structure is evident, but due to excessively high speculative prices, it is advisable to refrain from entering the market at the moment.
- We anticipate a correction back to the $51,000 price level to look for buying opportunities if there are clear signals to buy at this level.
- The resistance zone at $57,800 is robust, increasing the likelihood of a correction. Patience is key; one should avoid FOMO (Fear of Missing Out).
- We anticipate a correction back to the $51,000 price level to look for buying opportunities if there are clear signals to buy at this level.
- The resistance zone at $57,800 is robust, increasing the likelihood of a correction. Patience is key; one should avoid FOMO (Fear of Missing Out).
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