Trading recommendations:
According to the H4 time - frame, I found that BTC has traded downwards. As I expected, BTC reached my Friday's target at $5.170. Since the selling presure is still strong, my advice is to watch for selling opportunities. Watch for a potential breakout of the support ($5.170) to confirm further downward continuation. The projected downward target is set at the price of $4.795 (Fibonacci expansion 100%).
Support/Resistance
$5.614 – Intraday resistance
$5.170– Intraday support
$4.795 – Objective target
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