BTCUSD: Short Term Market Analysis for 11/05/24.
*** This is my personal opinion and is only for educational purposes. Please consult your financial advisor before making any decision. ***
This is an update for the 15-minute BTCUSD chart. There was key resistance in the H4 timeframe, and it broke the low trend line of the pich fork. Price tested, the resistance area could drop to 68049. There is support for H4 timeframe. Price may bounce back from support 68189.0–67903.0. If it dips, then it may break yesterday low. The last green box is an order block, and it may retest.
https://www.tradingview.com/x/3QhE0oyg/
This is an update for the 15-minute BTCUSD chart. There was key resistance in the H4 timeframe, and it broke the low trend line of the pich fork. Price tested, the resistance area could drop to 68049. There is support for H4 timeframe. Price may bounce back from support 68189.0–67903.0. If it dips, then it may break yesterday low. The last green box is an order block, and it may retest.
https://www.tradingview.com/x/3QhE0oyg/
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