Bitcoin current analysis
Bitcoin's current scenario shows it trading at $BTC 58,739 on the 4-hour chart.
Currently, BTC dominance is at 52.2%, RSI is at 48, 24 hour high is $59,575 and lowest is $56,911and the total market cap stands at 2.22T with a 0.04% increase over the last day.
Bitcoin's current situation shows it at $56,500 and $50,500 strong support levels (meaning there are buyers here). Bitcoin's resistance levels are at $64,800 and $60,400 (indicating sellers are present, leading to Bitcoin sales). According to this market update, it is essential to adjust your plan accordingly. Now, you have to decide what to do with your funds.
It is essential to manage your trades according to this market update. Crypto Currency market is highly volatile any one can do the analysis and based on that we can do we manage our trades as per our funds. No one can predict exact trades movement.
It is very risk to trade with high leverage and manage your trades as per your funds if you are going for future trading only use less then 1 % of your funds and it is very important to add stop loss and Take profit. Never trade with out SL and TP.
It is said that something is better than nothing.
Do your trades as per market situation and coin situation. Don’t take high leverage like gambling.
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