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$BTC long now âïž
SL 61400
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#Marketupdate As noted over the weekend, the $62,000 level (previous Monday's low) was a solid area to anticipate a bounce. We successfully capitalized on this entry, achieving a notable 5% move. Additionally, we have just closed a 4-hour candle above $64,400 (previous weekâs high). If this level holds as short-term support, we could see a swift rally towards $66,400 (previous month's high). Overall, weâre on a strong upward trajectory, and Iâm content to monitor how the Monday range unfolds before making further decisions.
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$BTC long now âïž SL 61400
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#Marketupdate Bearish price action continued for Bitcoin yesterday, dipping briefly below $60k. The Daily EMA200, represented by the yellow line on the chart, is critical, currently at $60k. An intra-day dip below this level isn't alarming, but a daily close under it could signal further retracement. Ideally, I want to see $60.6k (DM VAL) hold as support, which could pave the way for a push toward $62k. So far, weâve been capitalizing on moves in both directions, and I'm actively seeking more trading opportunities.
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#Market_Update $BTC remains trapped in a narrow range, with the $62,000 level serving as strong 4-hour support. This support has held firm across recent candles. Meanwhile, resistance is positioned at $62,800.We are prepared for a breakout in either direction, which may materialize later today with the release of FOMC minutes. In the meantime, patience is essential as we await clearer market signals.
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#Markestupdates After multiple tests of the $62.8k support level (Weekly Open & DM VAH), weâve seen a breakdown that has now turned this level into resistance. Currently, thereâs 4-hour support at $62.2k, which also aligns with the current monthâs Point of Control (POC). A liquidity area is growing at $61.8k, and it wouldnât be surprising to see this level swept today. For a bottom to form here, we need the $62k level (Monday Low) to hold. This weekâs Monday range is set between $62k and $64.4k. I'm well-positioned for any movements and actively seeking further opportunities. #Uptober #Q4
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