and we may have some range or rise here on this area too I know market is strongly now and can break this local support that mentioned on chart but lets take short-term analysis after while .
we have rise from 47500 and best entry point for long now are 0.5% and 0.6% Of Fibonacci that are :
0.5% = 48600$
0.61% = 47800$
market can gain strength if touch these supports and continue to rise (0.5 already touched).
else we may have some more shorts and continuation of falling .
1.trade carefully and have stop loss for sure
2.Past performance is not indicative of future results.
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But IF it does go to 38-42k this week... after the rally, bear target might be 25-32k over the next few weeks.... time will tell....
new analysis about BTC
and if one support break we may have more fall and we are now looking for that zone that remain valid