Technical analysis by Holyrood about Symbol BTC: Buy recommendation (5/22/2023)

Bitcoin Longs Long Entry 1: If the price retraces to the 61.8% level (27,435.6) and then starts to rise, this could be a potential long entry point. A stop-loss could be set just below this level, and a take-profit target could be set at the next Fibonacci level up (50% level at 27,924.4). Long Entry 2: If the price retraces further to the 78.6% level (26,739.6) and then starts to rise, this could be another potential long entry point. A stop-loss could be set just below this level, and a take-profit target could be set at a higher Fibonacci level (61.8% level at 27,435.6).