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Technical analysis by CryptoOverseerX about Symbol BTC: Buy recommendation (8/12/2024)

https://sahmeto.com/message/2533094
CryptoOverseerX
CryptoOverseerX
Rank: 24194
1.4
Buy،Technical،CryptoOverseerX

In my previous analysis, I expected BTC to bounce after retesting $60,000. However, after observing the price action, I announced that I would close the trade manually at breakeven at $61,000. Now that we have a new weekly close, I'm expecting the price action to create a wick around $54,000-$56,000 before closing around $58,000 to end this week. I'm looking to enter BTC this week around $54,000-$56,000.Expect a red candle this week and a green candle next week after a new base around $58,000 is created. CPI is coming up this week, so there's that.PREVIOUS ANALYSIS :

Translated from: English
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Signal Type: Buy
Time Frame:
1 day
Profit Target:
$68,316
First Support:
$58,324
First Resistance:
$60,681
Price at Publish Time:
$58,649.38
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