On the 4 hours chart attached, Bitcoin is still a few pis above the daily support level 5877.68. We expect a possible rally towards this support and even a breakout to the lowerside. According to the 4 hour chart above, Bitcoin is likely to traded within a wider range, not going above 10073.03 or below 5776.94. If there should be any breakout, then we’ll look for a trade in the direction of the breakout. At the moment, its good to remain on the sideline. However, you may still look for a buy position on a bounce from 5877
The author's opinion reflects their personal view and is not an investment recommendation. The company is not responsible for any trading results based on the provided analytical data.
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Bob Stan
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