BTC: Can $50K Hold Strong This Time Around?

Bitcoin Update:

BTC closed below on the daily chart, bringing the price close to the support trendline. As expected, BTC has made a bearish move.

What’s next?

The $50.6K support, or around $50K, must hold to help BTC rebound and rally. The RSI is attempting to form a bullish divergence; if successful, it could be positive for BTC.

For now, all eyes are on the support range between $50K and $52.5K.

Hope this helps. Trade safely.

Best regards,
Team Dexter

#BTCUSDT #Crypto

註釋

BTC Update:

In our previous analysis, we discussed the $50k support and how it was expected to hold and rebound.

Currently, BTC is moving as anticipated. It didn’t drop to $50k, but the support trendline has held strong. The RSI has formed a bullish divergence, and the price is bouncing back.

I expect BTC to rally toward –$68k this week.

Entry: $50k to CMP.
Stop loss: A daily candle close below the $50k support.
Target: -$68k.
Leverage: 10x-20x.

Note: Accumulate the dip and have patience. Don’t trade blindly—make sure to do your own research and analysis before investing.

#cryptocurrency #BTC