Here's another way to look at #Bitcoin in the hourly timeframe.
After hitting $59,476, #BTC got rejected as expected. The current price at $57.9k indicates a further downshift, possibly hitting the supporting trendline.
The yellow dotted line is acting as good support for #BTC and it is likely to maintain this support even if the price drops.
Also, we have the CPI news coming up in 6 hours. So, expect volatility in the market.
Entry: $55.7k to $56.8k.
Leverage: 5x to 10x.
Stop loss: $54.1k.
Target: $60k.
Not financial advice.
Trade safely.
Regards,
Team Dexter.
After hitting $59,476, #BTC got rejected as expected. The current price at $57.9k indicates a further downshift, possibly hitting the supporting trendline.
The yellow dotted line is acting as good support for #BTC and it is likely to maintain this support even if the price drops.
Also, we have the CPI news coming up in 6 hours. So, expect volatility in the market.
Entry: $55.7k to $56.8k.
Leverage: 5x to 10x.
Stop loss: $54.1k.
Target: $60k.
Not financial advice.
Trade safely.
Regards,
Team Dexter.
Nota
#BTC once again pumped up to $59,579 because of the CPI news but soon got dumped as well. The yellow dotted line still managed to hold the price, and currently, we can see a nice rebound.
According to the analysis, BTC is likely to drop to $56.5k, followed by a decent rally close to $60k.
Entry: $55.5k to $56.5k.
Target: $60k.
Not Financial Advice.
Trade safely.
Regards,
Team Dexter.
#BTC
Nota
BTC: $56.5k!
Nota
A perfect call!
BTC hit the $60k as expected.
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Penerbitan berkaitan
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.