Long-term BTCUSD analysis:
The drop from the peak of 70000 shows us a new profit-taking zone for Bitcoin. Currently, the selling pressure is still very strong, which also presents a long-term opportunity for holding BTCUSD and Bitcoin.
The short-term trading trend remains SELL.
Key price ranges to note are: 46000-48000 and 37000-42000. It is predicted that BTCUSD could reach 80000 this year.
We should seize the opportunity to buy this long-term BTCUSD.
Recommendation:
Plan 1: SELL BTCUSD zone 59000- 60000
SL 62500
TP 55800 - 52500 - 49000.
Plan 2: BUY BTCUSD zone 47000-48000
SL 45000
TP 52000 - 58000 - 80000 - open.
Plan 3: BUY BTCUSD zone 37000 - 40000
SL 35000
TP 45000 - 52000 - 59000 - 80000.
The drop from the peak of 70000 shows us a new profit-taking zone for Bitcoin. Currently, the selling pressure is still very strong, which also presents a long-term opportunity for holding BTCUSD and Bitcoin.
The short-term trading trend remains SELL.
Key price ranges to note are: 46000-48000 and 37000-42000. It is predicted that BTCUSD could reach 80000 this year.
We should seize the opportunity to buy this long-term BTCUSD.
Recommendation:
Plan 1: SELL BTCUSD zone 59000- 60000
SL 62500
TP 55800 - 52500 - 49000.
Plan 2: BUY BTCUSD zone 47000-48000
SL 45000
TP 52000 - 58000 - 80000 - open.
Plan 3: BUY BTCUSD zone 37000 - 40000
SL 35000
TP 45000 - 52000 - 59000 - 80000.
Note
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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.