🚨🚨 $BTC Update: A Critical Juncture – Proceed with Caution! 🔥👇
Bitcoin is currently testing a key resistance level, having recently hit a defined selling zone, which aligns with our previous short trade strategy. As $BTC retests this resistance, it’s crucial to monitor its movement closely.
If Bitcoin closes above $63,100 on the 6-hour timeframe, it could signal a potential bullish rally, targeting the $63,700 to $64,300 range. This would indicate strong reversal zone for upcoming dump and possibly a reversal from the recent uptrend.
Precautions: 💎
Monitor Closely: Keep a close watch on price action around the resistance level to avoid being caught off guard.
Stay Informed: Keep abreast of market news and trends that could impact Bitcoin's price.
If the price of $BTC retraces to $64,300, consider opening short position, as this level could act as a strong resistance. Overall, patience and strategic monitoring are vital in this volatile market.
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