Hello Traders!
After exiting the May-July flat movement in the $31000 - $40900 range, BTC continued its uptrend.
Between $51000 - $52000 a seller reaction followed, after which the price returned to the trading range of $44200 - $46800.
At the moment the asset is under selling pressure. Buyers are pushing the price and keeping it near the support level of $44200.
Mid-term purchases can be planned based on expectations of a continuation of correction.
The first part in the range of $42500 - $44200.
The second part in the range of $39800 - $40900
Stop-loss shall be placed under the price level of $36500
Price levels would be buy targets
$51500
$55000
$57600
$59600
Good luck and watch out for the market
P.S. This is an educational analysis that shall not be considered financial advice
After exiting the May-July flat movement in the $31000 - $40900 range, BTC continued its uptrend.
Between $51000 - $52000 a seller reaction followed, after which the price returned to the trading range of $44200 - $46800.
At the moment the asset is under selling pressure. Buyers are pushing the price and keeping it near the support level of $44200.
Mid-term purchases can be planned based on expectations of a continuation of correction.
The first part in the range of $42500 - $44200.
The second part in the range of $39800 - $40900
Stop-loss shall be placed under the price level of $36500
Price levels would be buy targets
$51500
$55000
$57600
$59600
Good luck and watch out for the market
P.S. This is an educational analysis that shall not be considered financial advice