BTCUSD Analysis March 13, 2022

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On this pair let’s focus mainly on the weekly timeframe. We have 3 key levels that we are looking at. The 40,000 level which is where we currently are, is an area of support which signaled an entry in the form of a 10%+ weekly candle close (Jan 31, 2022) We have entered a position here with our targets being 100k. If price does manage to fall the 26,000 we will exit this trade and look to reenter at the 20k level.