utkarshx27

BTC/USD Showing W Pattern In 4 hourly

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BYBIT:BTCUSD   None
In BTC-USD pair we can clearly see the double bottom (W) pattern which is showing bullish sign. Volume is also confirming bullish move.
We can see some choppy move this Sunday because of the weekend.
1 st resistance area is 51367$
2nd resistance zone is 52900$-53600$
In case of any downward move BTC needs to hold support zone at 58355$. Weekly closer below this may lead to bear trend.
Take your trades carefully with Stop loss.
Thank you







(Not a financial advice DYOR)

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