Trading suggestion: . There is a possibility of temporary retracement to suggested support lines. if so, traders can set orders based on Price Action and expect to reach short-term targets.
Technical analysis: . BTCUSD is in a range bound and the beginning of uptrend is expected. . The price is below the 21-Day WEMA which acts as a dynamic resistance. . The RSI is at 50.
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@PCHamamas, I agree we'll likely be range bound for a while. For the breakout direction, I'm still on the bearish side though.
The daily RSI is rising to both MA resistance and the key resistance since May. This will be hard to break. 2D RSI still trending bearish.
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@Phi-Deltalytics, Thanks for sharing your point of view with us. 👍