Forex Signal For BTC/USD: A Short Relief Rally Likely.
Forex Signal For BTC/USD: A Short Relief Rally Likely.
The BTC/USD pair is likely to experience a relief rally in the near-term after breaking below the key support at 40,000.
Bull Market Outlook
- Buy BTC/USD and make a profit at 44,000.
- Add a stop-loss at 39,000.
- Timetable: 1-2 days.
Forex Signal For BTC/USD: A Short Relief Rally Likely.
Bear Market Outlook
- Set a sell-stop at 39,500 and a take profit at 38,000.
- Add a stop-loss at 41,000.
BTC/USD price slumped below key support at 40,000 on Monday as risk assets were sold to 39,657, which is about 42% below their all-time high. Other altcoins such as Ethereum, Solana, and XRP also fell.
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