Market Analysis 🚨
👉March 6, 2024
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⚪️TECHNICAL (1W)
BTC has recently reached a new all-time high, yet struggled to sustain the momentum to close the candle above this pivotal level. However, bullish sentiment remains strong as bulls are exerting significant effort to reclaim this high. A potential breakout retest of the all-time high resistance signals a promising indication for the continuation of the bullish trend.
⚪️WRAP-UP (VIP)
As market participants monitor the price action closely, they will look for confirmation of the bullish continuation through sustained buying pressure and successful retests of key resistance levels. Factors such as trading volume, market sentiment, and broader economic conditions will also play a role in determining the outcome of Bitcoin's price movement in the near term.
$BTC DAILY RANGE:
📈Upper Limit: 69000
📉Lower Limit: 59000
(+-10% based on moving average volatility open/endpoints)
📌SCALP ENTRIES (VIP)
(*Advanced traders only - moderate/high risk)
🔵LONG
💲60000
🔴SHORT
💲70000
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