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BTCUSD 06.12.2021
Overview:
The pair is trading in a downtrend
Expected scenario:
There are no good opportunities at the moment to enter, so we believe that it is better to wait until the pair reaches the ascending trend line and the 40K level, and in the event that positive signs appear, we may buy to target the 54K level.
Alternative scenario:
On the other hand, we see that in case of breaking the 40K level in addition to the ascending trend line, it may push the pair down to 29K.
Resistance levels
54000.00
58000.00
60000.00
Support levels
40000.00
35000.00
29000.00
Disclosure of risk: Point Trader Group will not accept liability for any loss or damage as a result of reliance on the provided information.
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