©{=\✓BTC

📊 1. The overall trend and price structure ¶
Bitcoin is currently moving within a sideways upward-sloping range, as the price attempts to confirm a breakout of psychological resistance levels.

Strong support: The price is anchored above important demand zones
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Resistance: We face selling pressure whenever we approach recent local highs
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2. Technical indicators ÷
Based on the indicator readings you prefer:

Relative Strength Index (RSI): Shows a balance between buying and selling forces, indicating a potential imminent price explosion
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MACD (Moving Average Convergence Divergence): We observe convergence of the lines, requiring caution against any sudden negative or positive crossover
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3. Expected scenarios ••
Bullish scenario: If the price remains above support levels, we target the next high"٫٫"""
Correction scenario: Breaking liquidity zones may push the price to test lower levels before resuming the upward trend
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