Technical analysis by Matthew_OG about Symbol BTC: Buy recommendation (8/17/2023)

In a nutshell, still bullish.On daily TF it has crossed down the lower Bollinger Band - normally bounces back quickly. Also, It's oversold on 4H and 1H timeframes, so a quick temporary recovery from here is expected. But still should retest $28,000 and touch the long-term trendline. Might even go a bit lower to the $27,000 level (My assumption: a bear trap breaking down the uptrend line). I've set long orders between 27,000 and 28,100.Ofc as always, this is not financial advice.Worked out well