BitcoinDiupdate BTC/USD
Here is the technical analysis for the BTC/USD cryptocurrency pair on the H1 timeframe:
📣 Based on the 1-hour timeframe analysis, if the price breaks below the support level around 67,154, a decline towards the 65,000 level can be expected.
⛔️ Stop loss: 68,500
On the other hand, if the price breaks above the 68,500 level, a bullish outlook towards the 71,000 level can be considered.
As with the previous analysis, please do your own due diligence and risk management before making any trading decisions. The levels and potential trade setups provided are for informational purposes only. Proper position sizing and risk management are critical when trading volatile assets like cryptocurrencies.
📣 Based on the 1-hour timeframe analysis, if the price breaks below the support level around 67,154, a decline towards the 65,000 level can be expected.
⛔️ Stop loss: 68,500
On the other hand, if the price breaks above the 68,500 level, a bullish outlook towards the 71,000 level can be considered.
As with the previous analysis, please do your own due diligence and risk management before making any trading decisions. The levels and potential trade setups provided are for informational purposes only. Proper position sizing and risk management are critical when trading volatile assets like cryptocurrencies.
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