BTC SMALL RETRACEMNT BEFORE 69K

25 thg 8, 2024

BTC Retracement Opportunity: Preparing for a New Surge to 69K.

Bitcoin is currently taking a healthy retracement around the 62K level, presenting a potential opportunity to re-enter long positions. The RSI is cooling off after being in the overbought territory, indicating a pause in the momentum. Meanwhile, the EMA crossovers are signaling a bullish continuation, suggesting that BTC is likely to push towards the 69K target in the coming days.Traders should consider holding their positions or using this retracement to dollar-cost average (DCA) into their trades. The market seems to be setting up for a significant upward move, so stay patient and let the strategy play out. Keep an eye on key support levels and manage your risk accordingly.