sell
Bitcoin Faces Possible Pullback After New York Trading Open
The opening of the trading session in New York did not bring any positive developments. Bitcoin is testing the order block on the 2-hour chart around the $107,300 to $107,700 range and is currently holding. If this zone does not hold, there is a high likelihood of a more substantial pullback, potentially down to $105,000, with some traders anticipating as low as $103,000.
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AI Analysis
The recent market conditions show that Bitcoin is currently testing a critical order block on the 2-hour timeframe, situated around the $107,300 to $107,700 level. This area acts as a key support zone...
AI Recommendation
Given the current technical analysis and market conditions, it is prudent to adopt a cautious stance. Traders should wait for clarity on whether Bitcoin can sustain the support around $107,000. If the...
Disclaimer
The AI analysis and recommendations provided are for informational purposes only. Any investment decisions should be made at your own risk. Past performance is not indicative of future results. Always conduct your own research and consider consulting with a financial advisor before making any investment decisions.
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