Hello there,
The BTCUSD price is likely to drop towards the support levels of 69244-68648 and then potentially reverse its direction, aiming for the price target of 71234.
It's a high-risk setup due to unclear support and resistance levels. The current market trend is uncertain, with prices moving within a range. For the price to rise, it needs to break above the current level of 56.54-RSI.
Happy Trading,
K.
The BTCUSD price is likely to drop towards the support levels of 69244-68648 and then potentially reverse its direction, aiming for the price target of 71234.
It's a high-risk setup due to unclear support and resistance levels. The current market trend is uncertain, with prices moving within a range. For the price to rise, it needs to break above the current level of 56.54-RSI.
Happy Trading,
K.
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