Market Analysis
March 29, 2024
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⚪️TECHNICAL (4H)
BTC surged following the breakout of the bull flag pattern and is currently retracing towards the horizontal support level. There is anticipation for the bullish rally to resume, with the possibility of a continuation pattern forming. A strategic entry point could be at the horizontal support level, offering a favorable risk-reward ratio for investors seeking to capitalize on potential upward momentum.
⚪️WRAP-UP (VIP)
BTC has surged following the breakout of the bull flag. It's currently retesting horizontal support. Expectation is for a continuation of the bullish rally. Good entry point could be at the horizontal support level.
$BTC DAILY RANGE:
📈Upper Limit: 71550
📉Lower Limit: 68900
(+-11% based on moving average volatility open/endpoints)
📌SCALP ENTRIES (VIP)
(*Advanced traders only - moderate/high risk)
🔵LONG
💲65000
🔴SHORT
💲75000
