Technical analysis by wetdyerap about Symbol BTC: Buy recommendation (8/5/2024)

Long-term BTCUSD analysis: The drop from the peak of 70000 shows us a new profit-taking zone for Bitcoin. Currently, the selling pressure is still very strong, which also presents a long-term opportunity for holding BTCUSD and Bitcoin. The short-term trading trend remains SELL. Key price ranges to note are: 46000-48000 and 37000-42000. It is predicted that BTCUSD could reach 80000 this year. We should seize the opportunity to buy this long-term BTCUSD. Recommendation: Plan 1: SELL BTCUSD zone 59000- 60000 SL 62500 TP 55800 - 52500 - 49000. Plan 2: BUY BTCUSD zone 47000-48000 SL 45000 TP 52000 - 58000 - 80000 - open. Plan 3: BUY BTCUSD zone 37000 - 40000 SL 35000 TP 45000 - 52000 - 59000 - 80000.Comment: Get updated on analysis, signals, news: gold, FX, cryptocurrencies at: t.me/yhpanahs