readCrypto

Bitcoin - Trends (week)

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BITMEX:XBTUSD.P   Bitcoin
During the week, it broke through 7757 and touched 20MA.
If we support 7757 and 50MA next week, we expect a final fight between 8487 and 8825.

If it rises, I think the biggest issue is whether to overcome the long-term downtrend line (1).

If it falls, you might touch the downtrend line (A) or downtrend line (B).
However, I believe it depends on whether or not it can support the upward trend line.

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The buying section I think is off.
There's nothing you can do at the current price point.
In addition, if the price falls below the upward trend line, I think it is better to sell some.
Because I think the upward trend line is important.


[Example of exchange chart setup]

(Binance)
www.tradingview.com/x/S94aDxa8

(Upbit)
www.tradingview.com/x/DF6cGh3G/
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