Bitcoin Market Update
•Bitcoin recently experienced a liquidity grab to the downside, touching a key support level. At this stage, it’s important to wait for confirmation of a bounce through bullish candlestick patterns, RSI divergence, or increased volume.
•A break above local resistance or a successful retest of the support level would signal a potential reversal, providing an opportunity to enter the market with appropriate risk management, such as placing a stop-loss below the recent swing low and targeting prior resistance zones or Fibonacci levels.
•A break above local resistance or a successful retest of the support level would signal a potential reversal, providing an opportunity to enter the market with appropriate risk management, such as placing a stop-loss below the recent swing low and targeting prior resistance zones or Fibonacci levels.
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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.