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Now lets's get to the chart. BTC retested the 34k level making a low of $34,222. As I said in my previous chart, I'll be adding on spot till 33k. Although there is a lot uncertainty in the global market but everything is in the chart if you look properly.
Bitcoin is making a green candle on this 200D MA in the 3 days chart. The candle closes in the next 31 hours. TBH, That's a nice DOJI. Once we see the weekly as well as 3 day candle closing above 38k things will get better in the short term. Still It's hard to say that correction is over.
CONCLUSION:- BTC looks bullish in the short term. But you gotta be very careful because either we are about to see a new parabolic run all the way to 100k+ or this will end up being a trap. In both scenarios there are some confirmations for which we will wait and I will keep you posted.
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BTCUSDT short time frame Update:- The best entry for going long on BTC would be somewhere between 37.5k to 38.6k with SL around $37170. I've got a few questions regarding going long on BTC so thought to post this. Hope to help.
Hopefully it goes up.
Keep up the great work.
Namaste.