$BTC
BTC
90,366
-2.16%
KZG Crypto 口罩哥
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BTC weekly RSI has fallen into the oversold zone. Historically, this has always been a bottom here.
In 2020, it rebounded 1228% from this position, and in 2022 it rebounded 341%.
Now the weekly RSI is close to 30 again, and the price is 13% lower than the 200-day moving average. In terms of volume and price, the 24-hour trading volume has increased by 34%, indicating that capital is entering the market.
The target range for technical analysts is between 110,000 and 130,000 dollars.
Entry range is between 89,000 and 92,000, with a stop loss below 80,000, which presents a quite favorable risk-reward ratio.
In 2020, it rebounded 1228% from this position, and in 2022 it rebounded 341%.
Now the weekly RSI is close to 30 again, and the price is 13% lower than the 200-day moving average. In terms of volume and price, the 24-hour trading volume has increased by 34%, indicating that capital is entering the market.
The target range for technical analysts is between 110,000 and 130,000 dollars.
Entry range is between 89,000 and 92,000, with a stop loss below 80,000, which presents a quite favorable risk-reward ratio.
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