Bitcoin Market Analysis

May 18, 2024

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⚪️TECHNICAL (1D)

Bitcoin is currently testing a key horizontal resistance level. It's crucial to monitor the price action closely. A bullish confirmation will occur if the candle closes above this resistance level. However, if the price is rejected at this level, a corrective move is likely.

⚪️WRAP-UP (VIP)

BTC is testing horizontal resistance. A close above this level confirms a bullish move, while a rejection may lead to a correction. Monitor the price action closely.

$BTC DAILY RANGE:

📈Upper Limit: 67500

📉Lower Limit: 65000

(+-12% based on moving average volatility open/endpoints)

📌SCALP ENTRIES (VIP)

(*Advanced traders only - moderate/high risk)

🔵LONG

💲65000

🔴SHORT

💲72000

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