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LIVETechnician
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BTC UPDATE !
Monthly Chart Analysis:
The price has touched a significant support zone on the monthly chart, a point likely to attract liquidity. This area may present a promising opportunity for buyers to step in.
Chart 2 Analysis:
If the price has not reached an imbalance or taken out an old high or low on the Daily, Weekly, or Monthly charts, there is no compelling reason to trade that pair. In this case, we see that the price has swept through the old lows, indicating a potential shift in market direction. Traders should wait for the price to reclaim the previous range before considering opening long positions.
Investment Perspective:
For long-term investors, this juncture represents an excellent opportunity for DCA. $BTC
Monthly Chart Analysis:
The price has touched a significant support zone on the monthly chart, a point likely to attract liquidity. This area may present a promising opportunity for buyers to step in.
Chart 2 Analysis:
If the price has not reached an imbalance or taken out an old high or low on the Daily, Weekly, or Monthly charts, there is no compelling reason to trade that pair. In this case, we see that the price has swept through the old lows, indicating a potential shift in market direction. Traders should wait for the price to reclaim the previous range before considering opening long positions.
Investment Perspective:
For long-term investors, this juncture represents an excellent opportunity for DCA. $BTC
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