Crypto Newss Market Analysis 📈
March 9, 2024✈️
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⚪️TECHNICAL (1W)
Bitcoin recently experienced a rejection after reaching a new high, highlighting the volatility inherent in cryptocurrency markets. Despite this setback, the primary challenge for bullish sentiment lies in achieving a candle close or retest above the all-time high. This milestone is crucial for the continuation of the bullish trend in the market.
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However, it's important to note that market dynamics are complex, and achieving a candle close or retest above the all-time high is not a guarantee of continued bullishness. Price action can be influenced by a variety of factors, including market sentiment, macroeconomic trends, regulatory developments, and technological advancements.
$BTC DAILY RANGE:
📈Upper Limit: 70300
📉Lower Limit: 66100
(+-11% based on moving average volatility open/endpoints)
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(*Advanced traders only - moderate/high risk)
🔵LONG
💲64000
🔴SHORT
💲75000
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