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BTC - 29000 is a solid support

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BYBIT:BTCUSDT   BTCUSDT SPOT
  • Looking at a more extensive timeframe chart (weekly & daily), 29000 is excellent trendline support for BTC.

  • It gives a very good support area coinciding with the horizontal support around 30000.

  • Long positions may be opened in this range with a stop-loss defined below the support.

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