BTC/USD Analysis by EduardCA
Hello Dear Friends!
BTC has a bearish bias towards the next support at $6,000. It is a strong support level. If the price moves below $6000, BTC/USD may easily hit to $5,550 (SMA200 weekly).
While the long-term bias remains bullish, the expectations on a weekly and monthly basis stayed mostly neutral.
Like many other instruments, Bitcoin has a high volatility now, which means high risks. Put only 2% of your capital under the risk on one trade.
Good luck!
BTC has a bearish bias towards the next support at $6,000. It is a strong support level. If the price moves below $6000, BTC/USD may easily hit to $5,550 (SMA200 weekly).
While the long-term bias remains bullish, the expectations on a weekly and monthly basis stayed mostly neutral.
Like many other instruments, Bitcoin has a high volatility now, which means high risks. Put only 2% of your capital under the risk on one trade.
Good luck!
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