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BTCUSD may comes down to 380 +- 20BTCCNY is a leading indicator of BTCUSD. Now the bottom chart shows spread between BTCUSD - BTCCNY, and it clearly shows reversal formation at this time.
And also, the trading volume is not catching up. Thus, it is still skeptical if BTCUSD breaks 470. I am a bit of bearish standpoint currently and may 380 +-20 is something that I see from the chart.
BTCUSD BTCUSD
Open: 64000
SL: 63000
TP: 70000
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BTCUSDBTCUSD is still in a bullish trend.
Area between 28.500$ resistence to 25.500$ support approximately.
It is possible it get down to 25.500$-26.000$ making a pullback for continue around 32.000$ after break 28.500$ resistence where we would have a new area between 33.500$ resistence to 29.500$ support.
BTCUSD#BTCUSD H1
#cryptocurrency
Bitcoin
In the time of one hour in Bitcoin, we see the pattern of the downward angle + positive divergence in the RSI, which is a very strong purchase.
If the price is supported from this area, you can expect a return of the price and a temporary increase in the price, which is very suitable for the fluctuation of this pattern.
(if the price closes above 19500 during this time, he will consider buying)