BTC –
Technical Observation
After a failed attempt to break below the daily support line $8,944.92, BTC has now gone back above this line. This is a potential sign that buyers are closing in, in this market, thus, I’ll be focusing on potential buy positions. If you din’t buy BTC with me previously, you could wait for signs that the price has sustained the rise above $8,944.92, then pick a long position with a take profit at $11,603.60. Should the price again get below $8,944.92, then I expect a surge to the lower side with my next take profit at $6,933.23.
Trade Signal.
Buy BTC above $8,944.92 towards $11,603.60
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