Hello Traders,
I hope you're all doing well.
A week ago, BTC hit $78K, aligning with the support trendline in this chart. We then saw a quick rebound, with the current price at $90K. When BTC was trending above $90k, I anticipated a bounce and expected $90K to hold as support, but instead, it dipped.
At present, BTC is rebounding from the support trendline, testing traders' patience. Despite this expected correction, BTC still looks promising.
Worse Scenario: A breakdown and close below the $70K range.
Trade safely.
I hope you're all doing well.
A week ago, BTC hit $78K, aligning with the support trendline in this chart. We then saw a quick rebound, with the current price at $90K. When BTC was trending above $90k, I anticipated a bounce and expected $90K to hold as support, but instead, it dipped.
At present, BTC is rebounding from the support trendline, testing traders' patience. Despite this expected correction, BTC still looks promising.
Worse Scenario: A breakdown and close below the $70K range.
Trade safely.
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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.
Related publications
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.