Bitcoin Market Analysis
April 22, 2024
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⚪️TECHNICAL (1D)
BTC has successfully reclaimed the crucial horizontal resistance level of $65K, signaling potential for a continuation of the bullish trend as long as it maintains its position above this zone. This development bodes well for the overall market sentiment. Conversely, a breakdown retest of the horizontal support would represent a bearish scenario.
⚪️WRAP-UP (VIP)
BTC surpassing $65K resistance is bullish. Sustaining above signals further upside. A breakdown retesting horizontal support would be bearish.
$BTC DAILY RANGE:
📈Upper Limit: 66500
📉Lower Limit: 64500
(+-11% based on moving average volatility open/endpoints)
📌SCALP ENTRIES (VIP)
(*Advanced traders only - moderate/high risk)
🔵LONG
💲65000
🔴SHORT
💲70000
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