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Bitcoin Trading Range and Key Levels Analysis

The current analysis suggests that Bitcoin is trading within a range between two key levels, 108,567 and 110,330. Presently, it is near the resistance level of 108,567, and there’s a possibility of forming a stop volume structure, which could create trading opportunities within this range. Key active levels to watch include the 4-hour base at 107,261, a trap level at 105,529 with an area of interest between 105,815 and 105,345, a stop volume level at 101,856 with an interest zone from 102,012 to 101,295, and a potential trap level at 100,351. Additionally, the 1-hour trap level is noted at 98,823. The short position level remains set at 111,276, consistent with previous analysis. Traders are advised to consider trading both as a set or separately, with proper stop-loss placements emphasized.
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AI Analysis

The analysis indicates that Bitcoin (BTC) is in a consolidation phase, trading between 108,567 and 110,330, which are key resistance levels. The proximity to the 108,567 resistance suggests that trade...

AI Recommendation

Traders should focus on the current support and resistance levels, especially near the 108,567 resistance and the support zones at 105,529 and 101,856. Building positions within these ranges can be co...

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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