Bitcoin Short Term: bullish bias above 52000
Sep 2, 2024 1:08 AM
long positions above 52000 with targets at 64500 & 69000 in extension.
Pivot: 52000
Our preference:
long positions above 52000 with targets at 64500 & 69000 in extension.
Alternative scenario:
below 52000 look for further downside with 45000 & 38500 as targets.
Comment:
even though a continuation of the consolidation cannot be ruled out, its extent should be limited.
Supports and resistances:
73800
69000
64500
57459 Last
52000
45000
38500
Our preference:
long positions above 52000 with targets at 64500 & 69000 in extension.
Alternative scenario:
below 52000 look for further downside with 45000 & 38500 as targets.
Comment:
even though a continuation of the consolidation cannot be ruled out, its extent should be limited.
Supports and resistances:
73800
69000
64500
57459 Last
52000
45000
38500
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