$BTC Market Analysis

June 8, 2024

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⚪️TECHNICAL (4H)

The price was rejected at the horizontal resistance and is now trading above the trendline and horizontal support. A bounce can be expected if it continues to hold above this zone. However, if there is a breakdown and retest of the horizontal support, a further correction is likely.

⚪️WRAP-UP (VIP)

Rejected at horizontal resistance, it's now trading above the trendline and support. A bounce is likely if it holds, but a breakdown could lead to further correction.

$BTC DAILY RANGE:

📈Upper Limit: 72000

📉Lower Limit: 68400

(+-12% based on moving average volatility open/endpoints)

📌SCALP ENTRIES (VIP)

(*Advanced traders only - moderate/high risk)

🔵LONG

💲69000

🔴SHORT

💲72000

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