Bitcoin Short-Term Support & Resistance Analysis

Prices move because of supply and demand . When demand is greater than supply, prices rise. When supply is greater than demand, prices fall. Sometimes, prices will move sideways as both supply and demand are in equilibrium.

When support and resistance lines are broken, there is a high possibility of a significant uptrend in that direction. Be aware of the stop-loss area when trading on margin

ⓡ Resistance Line 28952$
ⓡ Resistance Line 28549$
ⓢ Support Line 28300$
ⓢ Support Line 27617$
ⓢ Support Line 27229$

The above price level represents an important tipping point, not an absolute analysis for buying and selling. You must be careful about your investment decisions.

Thank you for reading my poor analysi

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