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$BTC / #Bitcoin | 4H Trade Setup Update ● Current Status: BTC has rejected off the Value Area Low
1 year ago
3
$BTC / #Bitcoin | 4H Trade Setup Update
● Current Status: BTC has rejected off the Value Area Low (VAL) of the range.
● Technical Indicators: Bearish Divergence: Indicating potential downward movement. Falling Money Flow: Suggesting decreasing buying interest. Falling Momentum: Indicating weakening trend. Falling Stochastic RSI: Suggesting further downside potential.
● Outlook: Traders should exercise caution and monitor for continued bearish signals. The rejection off the VAL, combined with falling momentum, money flow, and stochastic RSI, indicates a likely downward trend. Watch for further confirmation of bearish movement before making trading decisions.
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