There are multiple confluences around the marked level, which are:
1) Previous Structure
2) 200EMA Support
3) Major trendline support
A lot of confluences, which would make the area the best place to watch to buy Bitcoin.
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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.