Technical analysis by ExclusivelyFX about Symbol BTC: Buy recommendation (5/15/2024)

Support bounce respected in full. The green support break will now turn into a red resistance zone (clearly). The break in the trend line resulted in two sell plays around the 65212 zone area. A down trend was forming, though now the resistance zone at 65212 (green support/break line in the picture) has been hit twice now via the Daily TF, turning it into an uptrend (hence the purple bottom trend line. If that happens, a climb to my red resistance/break zone will occur. and yes the trend line clearly may be broken, that uptrend is a little ridiculous! Next stop is 71399 resistance!