Bitcoin Market Analysis

May 20, 2024

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⚪️TECHNICAL (1W)

Bitcoin (BTC) has closed with a bullish weekly candle, signaling positive momentum in the market. In the short term, bulls need to break through the $67.5K level to confirm a bullish trend.

⚪️WRAP-UP (VIP)

Bitcoin's bullish weekly candle close signals market optimism. Bulls need to break $67.5K for a bullish confirmation.

$BTC DAILY RANGE:

📈Upper Limit: 67700

📉Lower Limit: 65800

(+-10% based on moving average volatility open/endpoints)

📌SCALP ENTRIES (VIP)

(*Advanced traders only - moderate/high risk)

🔵LONG

💲65000

🔴SHORT

💲73000

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