Description
⋅ Based on the chart, Bitcoin touched the support line at $7400-7500.
Further, RSI shows that Bitcoin entered in the oversold territory.
If Bitcoin perfectly holds the support, we will see a bounce to $8800 level.
However, if BTC breaks the support line, we will now retest the $6000-5000 level.
Just don’t forget to always set your stop loss.
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Happy Trading!
Please do your own charting and research.