Bitcoin Market Analysis
April 3, 2024
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⚪️TECHNICAL (1D)
The current chart pattern is indicating a bullish pennant formation, suggesting a potential uptrend in the market. A confirmation of this bullish sentiment would occur with the breakout of the bullish pennant formation. However, it's important to note that if a breakdown retest occurs following the breakout, a correction may also be expected. This correction could serve to validate the strength of the breakout and provide further clarity on the market direction.
⚪️WRAP-UP (VIP)
Bullish pennant pattern: Breakout confirms bullish rally. Breakdown retest signals correction.
$BTC DAILY RANGE:
📈Upper Limit: 69674
📉Lower Limit: 64550
(+-10% based on moving average volatility open/endpoints)
📌SCALP ENTRIES (VIP)
(*Advanced traders only - moderate/high risk)
🔵LONG
💲64000
🔴SHORT
💲70000
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