Bitcoin technical analysis on the daily timeframe
On the daily timeframe market maker is currently distributing BTC by manipulating and trapping the bulls, while simultaneously stopping out the bears. Nevertheless, we are in the premium market conditions and it's worthwhile to look for the shorts now, targeting the old low.
Locally, looking for longs with a tight SL is advisable, targeting the recent highs.
Locally, looking for longs with a tight SL is advisable, targeting the recent highs.
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