BTCUSD: Detailed Outlook

BTCUSD, Daily

BTCUSD is testing the lower trend line of the ascending channel, and momentum has fallen below 100.0. -DI is again above +DI, but there is an uncovered imbalance at the top.

A break below the trend line at 110,000 will drop the price to 107,500 and then to 100,000.
A rebound from the trend line will bring BTCUSD back to 115,900 and 120,300.

Trading foreign currencies on margin involves significant risks and may not be suitable for everyone, as high leverage can increase both potential gains and losses. Before entering the foreign exchange market, it is essential to evaluate your investment goals, personal experience, and risk tolerance.

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Author: Egor Schmidt

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