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Chart Analysis
Trading Pair: Bitcoin/US Dollar (BTC/USD) - Bank Transfer
Timeframe: 4-Hour
Exchange: Binance
Analysis
The chart depicts a possible bullish trend. Recent higher highs and higher lows indicate an upward momentum.
- Resistance Level: $68,000
- Support Level: $64,000
Trading Strategy
- Entry Point: Consider entering around $66,000 upon confirmation of a bounce from the support level at $64,000.
- Take Profit: Target around $68,000 for a short-term gain.
- Stop Loss: Set a stop loss at $63,000 to manage risk.
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