Bitcoin Market Analysis
May 28, 2024
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⚪️TECHNICAL (1D)
BTC is currently retesting above the bullish flag, and a successful retest would indicate a strong bullish signal in the market. However, if the price falls back inside the flag, it would suggest a market correction. Increased volatility is expected as the monthly candle close approaches.
⚪️WRAP-UP (VIP)
BTC is retesting above the bullish flag. A successful retest indicates a strong bullish signal, while falling inside the flag suggests a market correction. Expect volatility near the monthly candle close.
$BTC DAILY RANGE:
📈Upper Limit: 70700
📉Lower Limit: 67400
(+-13% based on moving average volatility open/endpoints)
📌SCALP ENTRIES (VIP)
(*Advanced traders only - moderate/high risk)
🔵LONG
💲66000
🔴SHORT
💲75000
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