Forex Signal For BTC/USD: At the Top of a Bear Breakdown
Forex Signal For BTC/USD: At the Top of a Bear Breakdown
Investors are waiting for the Federal Reserve to explain, and the parity may be hit by a market like this this week.
Bear Market View
- Sell the BTC/USD pair and earn 35,000 base points.
- Add a 43,000 stop-loss.
- Timeline: Within 1-3 days
Forex Signal For BTC/USD: At the Top of a Bear Breakdown
Bull Market View
- Buy-stop for 41,000 and get 45,700 profits.
- Add a stop-loss to 38,000.
A pair of BTC/US dollars has been traded at close range in the past few weeks, with 39,000 still slightly below last week's figure of 45,700.
The price is well below the 70,000 — the highest ever.
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