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Analysis of BTC/USD Movement on December 27, 2024
BTCUSD
, 240
Short
BTCUSD: Analysis of BTC/USD Movement on December 27, 2024

On the 4-hour BTC/USD chart, a Bullish Wick pattern is observed, followed by a price decline towards the support area. Currently, Bitcoin is moving in a downtrend with significant selling pressure. Be cautious of a potential breakdown below this support level. It is advisable to wait for further confirmation before making any buy or sell decisions.

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