BitcoinShort
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.
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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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.