Bitcoin Bull® Market Analysis
June 13, 2024
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⚪️TECHNICAL (4H)
BTC recently bounced off the horizontal support level but was subsequently rejected at the bearish order block. Currently, it has moved back above the horizontal support. As long as BTC remains above this level, another bounce is anticipated. However, if it breaks down and retests the horizontal support, a correction is likely to follow.
⚪️WRAP-UP (VIP)
BTC bounced off the horizontal support but was rejected at the bearish order block. It is now back above the horizontal support. A bounce is expected as long as it trades above this level. If it breaks down and retests the horizontal support, a correction is likely.
$BTC DAILY RANGE:
📈Upper Limit: 70000
📉Lower Limit: 66900
(+-12% based on moving average volatility open/endpoints)
📌SCALP ENTRIES (VIP)
(*Advanced traders only - moderate/high risk)
🔵LONG
💲66000
🔴SHORT
💲72000
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Bitcoin Bull® Trading