Trading suggestion: ". There is a possibility of temporary retracement to the suggested support line (34180). . if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis: . BTCUSD is in a range bound, and the beginning of an uptrend is expected. . The price is above the 21-Day WEMA, which acts as a dynamic support. . The RSI is at 70.
Absolutely to the point! I would expect a retracement already but price has been pumped up now already twice. The big funds don't want BTC to sink right now. I think they want to sell it high and buy it with a big discount. That is what they always do. Perfect post thanks!
esorlegin
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@Ether2020, Market stability is important to the financial institutions (so BTC wil not go to low) and they want big profits. I think the market will be 'enginered' down to around 29k for the cheap buy price (discount) you mention. After that, we should go up.