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Bitcoin Short Term: bullish bias above 57200

May 20, 2024 7:50 AM
long positions above 57200 with targets at 73000 & 79500 in extension.
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Pivot: 57200

Our preference: long positions above 57200 with targets at 73000 & 79500 in extension.

Alternative scenario: below 57200 look for further downside with 53000 & 47000 as targets.

Comment: the RSI calls for a new upleg.

Supports and resistances:
85260
79500
73000
66660 Last
57200
53000
47000

Disclaimer: References, analysis and trading strategies are provided by the third-party provider, Trading Central, and the point of view is based on the independent assessment and judgment of the analyst, without considering the investment objectives and financial situation of the investors. All strategic opinions do not constitute investment advice or recommendations and are for references only. Our company also does not guarantee the accuracy of the strategic views and does not take any responsibility for the negative results caused by the trading strategies.
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