Market Analysis
May 18, 2024
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⚪️TECHNICAL (1D)
Bitcoin is currently testing a key horizontal resistance level. It's crucial to monitor the price action closely. A bullish confirmation will occur if the candle closes above this resistance level. However, if the price is rejected at this level, a corrective move is likely.
⚪️WRAP-UP (VIP)
BTC is testing horizontal resistance. A close above this level confirms a bullish move, while a rejection may lead to a correction. Monitor the price action closely.
$BTC DAILY RANGE:
📈Upper Limit: 67500
📉Lower Limit: 65000
(+-12% based on moving average volatility open/endpoints)
📌SCALP ENTRIES (VIP)
(*Advanced traders only - moderate/high risk)
🔵LONG
💲65000
🔴SHORT
💲72000
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