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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