Navigating the Peaks and Valleys: BTC/USD's Volatile Voyage

18 พ.ย. 2023

🌐 In the spirit of collaboration, we aim to demystify the critical points of market entry and exit, fostering a shared understanding over mere financial gain.

🔗 Key Technical / Direction (Short)
Type: Short Term Swing
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☑️ Bullish Reversal
$33,946 Area
Reasons

⚡️- Reaching Major Support Zone
⚡️- Oversold on Stochastic Momentum Index
⚡️- Convergence on 200 Period MA
⚡️- Historical Price Reactivity Area
⚡️- Potential for Demand Increase at Lower Levels

☑️ Bearish Reversal
$36,625 Area
Reasons

⚡️- Resistance met at Previous Highs
⚡️- Stochastic Indicator Signaling Overbought
⚡️- Price Rejection at Key Psychological Level
⚡️- Near the Upper Boundary of the Bollinger Bands
⚡️- Anticipation of Technical Pullback Post Rally