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THE DOCTOR CRYPTOHUB
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Bearish
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Currently
BTC
is trading inside a bearish rising wedge pattern. Hopefully It will be rejected by retesting its tradeline resistance 📉
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content.
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The BTC/USDT 1D timeframe update shows that the market has created a wick around the daily imbalance and has hunted liquidity on the downside, recovering from that level. Currently, the market is trading around $68,700. If BTC closes a daily candle below $67,700, the market’s next move could be toward the second imbalance zone on the 1D timeframe, which is around the $64,000 price range.
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Good evening everyone! In yesterday's update, the market is recovering from the first mentioned zone, and we have generated good profits from this zone... Congratulations to those who followed the update.
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Focusing on the presidential election, I suggest investing in three different zones. These are: $68,300, $66,300, and $64,000. You can plan investments in any coin within these market zones.
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Historically, the American presidential election period sees a significant market return from a few days before the election to about two months after. However, this time, it doesn’t seem to be happening as expected. Why is that? Typically, Bitcoin has shown a trend of hitting new highs before the halving or a pump post-halving based on historical patterns. But this time, the market isn’t responding as it did before. The lack of a market pump focused on the American presidential election could be one of the reasons, along with factors like the Iran-Israel conflict. So, what should you be doing at this moment? I’ll mention it in the next update
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Holly shit *** The market responded to my word very quickly ** It is assumed that the market will wick below the imbalance of its daily timeframe which is 69k price range and if this range breaks down the best investing zone will be 68k to 66.5k $ price range.$BTC
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