BTCUSD is trading in a narrow range
Bitcoin CRYPTO:BTCUSD
BTCUSD is trading in a narrow range with a mild rebound and stalemate between bulls and bears today. The trend is mainly driven by the aftermath of the Fed's ultra-hawkish stance, the closure of U.S. stock markets, recovering sentiment in the crypto market, and on-chain funds staying on the sidelines.
Technically, the price has stabilized at a low level after a high-level pullback and is waiting for a directional breakout.
The price formed a short-term bottom around the $70,000 level, then edged higher to recover some losses, but the upward slope is gentle with no strong breakout signals.
Trading Strategy:
Buy 69500 – 70000
SL 69000
TP 71000 – 71500
Sell 71500 – 72000
SL 72500
TP 69500 – 69000
source https://www.tradingview.com/chart/BTCUSD/TlEta63Z-BTCUSD-is-trading-in-a-narrow-range/
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