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📉 Bitcoin (BTC/USD) Daily Chart Breakdown 📈 🚀 What’s Happening Now? BTC/USD is navigating a sideways trend, showing signs of consolidation. Watch closely as this could lead to a decisive move soon! 🎯 Key Levels to Watch: Resistance: $90,142.29 Support: $77,290.94 🔧 Technical Tools in Play: Fibonacci Retracement: Highlighting potential bounce-back or pull-back zones. MACD: Indicates a bearish signal. Consider potential short positions if trend continues. 🌊 Elliot Wave Insight: Currently in a corrective phase. Anticipate possible reversal or continuation based on upcoming wave formations. 🔍 Strategy Tips: Bulls: Look for a sustained break above Fibonacci levels with positive MACD crossover. Bears: Watch for resistance holds and further bearish MACD signals to enter shorts. 🛡️ Risk Management: Set stop losses around key levels and adjust according to price action. Always trade within your risk tolerance. 🔔 Stay updated with the latest trends and adjust your strategies accordingly. Happy trading, everyone! 💹 #Bitcoin #CryptoTrading #TechnicalAnalysis #Investing #BTCUSD #TradingStrategy #RiskManagement #Cryptocurrency
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