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#CEXvsDEX101 CEX - Central Exchanger as like Binance DEX - Decentralization Exchanger as like TON Keeper
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$BTC Technical Analysis from 4Hour chart 1. Candlestick Patterns Say Pattern- A bullish engulfing candle appeared after the price retraced to the support level around 105,800$ which may push toward a potential bullish reversal. A hammer candle formed at the same support level, reinforcing the likelihood of a bullish bounce. 2. Technical Indicator's Say RSI-Moving around the level of 40's, indicating market is neither in overbought nor at oversold conditions, providing room for movement in either direction. MACD Indicator- Shows a potential bullish crossover which may support positive momentum in hours to come 3. Support and Resistance Levels Say Support- A strong support level(105800$) that has been recently tested. Resistance- A nearby resistance level(106800$) that the price may test if the bullish momentum continues. Conclusion in Nutshell- Bullish Scenario- If the price continues to hold above the support level of 105,800$, we may see an attempt to break the resistance at 106,800$, which might open the way to higher levels such as 108,000$. Bearish Scenario- If the price breaks below the support level of 105,800$, it may test lower support levels such as 104,500$.
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