BITCOIN is getting interesting to look at.

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Here's another way to look at #Bitcoin in the hourly timeframe.

After hitting $59,476, #BTC got rejected as expected. The current price at 57.9k indicates a further downshift, possibly hitting the supporting trendline.

The yellow dotted line is acting as good support for #BTC and it is likely to maintain this support even if the price drops.

Also, we have the CPI news coming up in 6 hours. So, expect volatility in the market.

Entry: 55.7k to 56.8k.
Leverage: 5x to 10x.
Stop loss: 54.1k.
Target: 60k.

Not financial advice.

Trade safely.

Regards,
Team Dexter.

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ملاحظة

#BTC once again pumped up to $59,579 because of the CPI news but soon got dumped as well. The yellow dotted line still managed to hold the price, and currently, we can see a nice rebound.

According to the analysis, BTC is likely to drop to 56.5k, followed by a decent rally close to 60k.
Entry: 55.5k to 56.5k.
Target: 60k.

Not Financial Advice.

Trade safely.

Regards,
Team Dexter.

#BTC

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ملاحظة

BTC: 56.5k!

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ملاحظة

A perfect call!

BTC hit the 60k as expected.