Technical analysis by tamasauskas05 about Symbol BTC: Sell recommendation (4/27/2024)

The recent volatility in the cryptocurrency market has caught the attention of traders worldwide. Bitcoin (BTC) has been on a rollercoaster ride, and now there’s a possibility of a pullback. Let’s delve into the details: Technical Analysis: BTCUSD is currently trading around the EMA 34 and 89 lines, hovering near the $63,790 mark. The daily chart reveals a pattern of range-bound movement, with sellers testing buyers. Support: The $62,000 area. Resistance: The $73,000 area. Trading Idea: Sell BTCUSD: Stop Loss (SL): $65,000 USD Take Profit 1 (TP1): $62,100 USD Take Profit 2 (TP2): $59,700 USD Rationale: Bitcoin has recently found strong support around the $60,000 level. Traders are closely monitoring the market, and the current price action suggests a potential pullback. Keep an eye on the price movement and adjust your strategy accordingly.Bitcoin @ 60000 on 30 April @ 19:15:28 UK Time