Market Analysis
May 29, 2024
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⚪️TECHNICAL (1D)
Bitcoin is currently retesting levels above the bullish flag, but the volume remains low. To confirm a successful retest, bulls need a significant increase in volume. If the price falls back inside the triangle, it would signal a potential market correction.
⚪️WRAP-UP (VIP)
BTC is retesting above the bullish flag, but low volume needs to increase for a confirmed retest. A drop back into the triangle suggests a market correction.
$BTC DAILY RANGE:
📈Upper Limit: 69600
📉Lower Limit: 67300
(+-12% based on moving average volatility open/endpoints)
📌SCALP ENTRIES (VIP)
(*Advanced traders only - moderate/high risk)
🔵LONG
💲64500
🔴SHORT
💲73500
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