Forex Signal For BTC/USD: Short-Term Suffering Expected.
Forex Signal For BTC/USD: Short-Term Suffering Expected.
The handle formation is likely to see the pair drop further in the near term.
Bear Market Outlook
- Set a sell-stop at 57,000 and a take profit at 55,000.
- Add a stop-loss at 60,000.
- Timetable: 1-3 days.
Forex Signal For BTC/USD: Short-Term Suffering Expected.
Bull Market Outlook
- Set a buy-stop at 59,000 and take profit at 62,000.
- Add a stop-loss at 57,000.
The
BTC/USD pair pulled back in the night session as the momentum of the Bitcoin ETF waned and the US dollar rebounded, putting the pair down to 58,000, roughly 12% below this year's high.
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