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Analysis of Bitcoin/USD on a 4-Hour Timeframe

Exchange

Binance

$BTC

Chart Analysis

- Trend Overview: The chart shows an overall bullish trend with higher highs and higher lows.

- Current Price: Approximately $65,533.

- Recent Low: Around $56,000 on September 7.

- Recent High: Approximately $69,000 on October 19.

- Resistance Levels: Key resistance at $66,000 and $68,000.

- Support Levels: Key support at $63,000 and $60,000.

Trading Strategy

- Entry Point: Consider entering a long position near $63,000 as a support level.

- Stop Loss: Place a stop loss below $62,000 to manage risk.

- Take Profit: Target resistance levels at $66,000 and $68,000.

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