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Analysis of Bitcoin/USD on a 4-Hour Timeframe
Exchange
Binance
Chart Analysis
- Trend Overview: The chart shows an overall bullish trend with higher highs and higher lows.
- Current Price: Approximately $65,533.
- Recent Low: Around $56,000 on September 7.
- Recent High: Approximately $69,000 on October 19.
- Resistance Levels: Key resistance at $66,000 and $68,000.
- Support Levels: Key support at $63,000 and $60,000.
Trading Strategy
- Entry Point: Consider entering a long position near $63,000 as a support level.
- Stop Loss: Place a stop loss below $62,000 to manage risk.
- Take Profit: Target resistance levels at $66,000 and $68,000.
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