Forex Signal For BTC/USD: Pre-Rebound Weakness Appears More.
Forex Signal For BTC/USD: Pre-Rebound Weakness Appears More.
There is a possibility that the pair may decline for a while and recover again in the coming days.
Bear Market Outlook
- Sell BTC/USD and make a profit at 48,000.
- Add a stop-loss at 51,000.
- Timetable: 1-2 days.
Forex Signal For BTC/USD: Pre-Rebound Weakness Appears More.
Bull Market Outlook
- Set a buy-stop at 50,000 and take profit at 52,000.
- Add a stop-loss at 48,000.
The BTC/USD pair took a sharp turn in the night session as Bitcoin demand pulled back, trading at 49,708, about 5% below Monday's high. Other cryptocurrencies such as Ether, XRP, and BNB also retreated.
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