What a rally it was for BTC in a shorter timeframe!
As per our previous analysis, BTC rebounded exactly from the support level of $63.5k, but it hasn't reached the target as expected.
BTC has yet to hit the $70k target, and if it maintains this level, we are likely to see it soon.
Current scenario:
BTC is under a rising wedge pattern, and the RSI is forming a bearish divergence. This indicates a bearish move, so it's better to stay cautious.
There's no doubt that in the long run, BTC is very bullish, and eventually, we're going to see record-breaking rallies. However, in the short term, a pullback can be expected.
Trade safely.
Regards,
Team Dexter.
As per our previous analysis, BTC rebounded exactly from the support level of $63.5k, but it hasn't reached the target as expected.
BTC has yet to hit the $70k target, and if it maintains this level, we are likely to see it soon.
Current scenario:
BTC is under a rising wedge pattern, and the RSI is forming a bearish divergence. This indicates a bearish move, so it's better to stay cautious.
There's no doubt that in the long run, BTC is very bullish, and eventually, we're going to see record-breaking rallies. However, in the short term, a pullback can be expected.
Trade safely.
Regards,
Team Dexter.
註釋
BTC played as projected.
I hope you guys followed.
#BTCUSDT
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