BTC: Pullback in Uptrend
Trade setup: Price remains in an Uptrend. It got rejected 2x at 72K level but as long as it stays above 
64K (prior swing low), its uptrend is intact. We would be buyers near that 64K support area, with +15% upside potential back to ATH of 74K. Stop Loss (SL) level at 62.7K. The recent approvals of 10 Bitcoin Spot ETFs are working in BTC’s favor. Wanna know which altcoins will benefit from BTC and ETH rise? Read our research report.
Trend: Downtrend on Short-Term basis and Uptrend on Medium- and Long-Term basis.
Momentum is Mixed as MACD Line is below MACD Signal Line (Bearish) but RSI ~ 50 (Neutral).
Support and Resistance: Nearest Support Zone is64K then 56K - 59K. The nearest Resistance Zone is 74K, then 79K.
64K (prior swing low), its uptrend is intact. We would be buyers near that 64K support area, with +15% upside potential back to ATH of 74K. Stop Loss (SL) level at 62.7K. The recent approvals of 10 Bitcoin Spot ETFs are working in BTC’s favor. Wanna know which altcoins will benefit from BTC and ETH rise? Read our research report.Trend: Downtrend on Short-Term basis and Uptrend on Medium- and Long-Term basis.
Momentum is Mixed as MACD Line is below MACD Signal Line (Bearish) but RSI ~ 50 (Neutral).
Support and Resistance: Nearest Support Zone is
64K then 56K - 59K. The nearest Resistance Zone is 74K, then 79K.
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