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BTC update on the 1-hour chart: As you may know, BTC is currently trading below 59k and has touched as low as 57.8k. This drop is primarily due to high selling pressure from the German government, whales, and BTC miners.
Currently technical analysis is not performing well despite BTC closing above 60k on the daily chart, as it continues to experience selling pressure.
If BTC breaks below the 56.5k mark, it may experience further decline.
Till then safe trade we'll update you more soon.
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Place bid in advance and try to accumulate in spot as much as you can. If you can take risk also open a long in the given range with only low leverage.
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🔴 TRADE - ONDO/USDT ( SPOT )
👉 Type - SPOT (BYBIT)
📌Buy Zone - 1$ to 1.05$
🎯Target
1. 1.10$
2. 1.15$
3. 1.20$
4. 1.26$
5. 1.32$
🛑Stop loss 0.944$ -( SL Must Use )
🔥Disclaimer 👉 This is my personal analysis for educational purposes , Buy/Sell/Trade at your own risk. I am not a financial Advisor...
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BTC UPDATE 💸 03/07/24
Good evening everyone! 😇
As you all know, BTC is currently trading above 60k. However, today BTC experienced a dump of almost 4.64%, primarily due to high selling pressure from the German government and whale manipulation.
Currently, BTC's support remains at the 60k level. If BTC closes below this level, we may see a further drop to approximately 58.4k to 56.6k. On the other hand, if BTC closes above 60.6k to 61k, it would be considered bullish.
As mentioned earlier in the morning update, according to technical analysis, BTC broke the trendline resistance and is currently undergoing a retest on the 1-day chart. A successful retest could indicate a potential upward movement, although this might take some time.
Till then trade safe, use low levrge because currently manipulation happening.
Thanks ! 😇
Congo who took both short calls and made good money today❤️
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WIF Short played perfectly❤️
Price hit 1.90$✅
Close your short position here and book profit.
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