With Bitcoin price moving towards the $60,000 region yesterday, do you see this as a sign of consolidation before a bounce or is this just a short-term pullback in a long-term downtrend?
Day 6 of the "100 Days Bitcoin/ALT Prediction" series Although the target for day 5 was not reached, we did not lose and continued with a more cautious strategy.
âLong entry: $59,680 - $60,050 (this area is quite important to determine the next trend support)
đStop Loss: $59,128 (to protect capital before the trend reverses negatively)
âTake profit: $62,250 (this level will be a potential resistance level)
đShort entry: $62,660 - $62,860 (this is the area where bulls will likely face major resistance)
đStop loss: $63,590 (this range helps you hedge your risk if the price breaks the resistance)
Take profit: $60860 - $59600 - $57800
Let's share our thoughts! Do you believe Bitcoin will hold the support around Entry to continue its upward momentum, or will there be a new correction? Let us know if you have any thoughts and strategies for the upcoming trading sessions!
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