Anchal90
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Anchal90
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Important update:
Bitcoin ($BTC) has dropped about 4.4%, just as I mentioned in the previous trade plan.
The price has now broken below both the previous daily low and the previous 4-hour low. If this bearish momentum continues, the next likely target is the previous weekly low, which is around $62.2k.
However, there's one key level to watch.
There's a very strong order block between $62.2k and $61.8k, where buyers could step in and trigger a reversal. Keep in mind that price could briefly wick as low as $61.4k before bouncing.
What to do:
Mark the $62.2k–$61.8k zone on your chart and closely watch how price reacts as we head into the New York session. If this order block holds, we could see a strong move back to the upside.
#BTCUpdate #BTC
Bitcoin ($BTC) has dropped about 4.4%, just as I mentioned in the previous trade plan.
The price has now broken below both the previous daily low and the previous 4-hour low. If this bearish momentum continues, the next likely target is the previous weekly low, which is around $62.2k.
However, there's one key level to watch.
There's a very strong order block between $62.2k and $61.8k, where buyers could step in and trigger a reversal. Keep in mind that price could briefly wick as low as $61.4k before bouncing.
What to do:
Mark the $62.2k–$61.8k zone on your chart and closely watch how price reacts as we head into the New York session. If this order block holds, we could see a strong move back to the upside.
#BTCUpdate #BTC
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