BTC update
The price of BTC started to fall from 25214.57. After reaching the trend line support, it consolidated and fell below the trend line. The lowest price reached 18527.00, and a V-shaped reversal occurred.
If the price breaks through 21261.57 and returns to the trend line in the future, there is a chance to challenge 25214.57. At that time, if the price closes above 25214.57, the daily double bottom pattern will be established.
After the establishment of the double bottom pattern, the first target price range is around 27000.00~28000.00, which is also an unfilled BTC futures gap.
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If the price breaks through 21261.57 and returns to the trend line in the future, there is a chance to challenge 25214.57. At that time, if the price closes above 25214.57, the daily double bottom pattern will be established.
After the establishment of the double bottom pattern, the first target price range is around 27000.00~28000.00, which is also an unfilled BTC futures gap.
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bybit sign up:
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