🔔🔔🔔BTC news:
➡️ Bitcoin surged to a new all-time high above $123,000 on Monday, despite extremely overbought conditions on the daily chart.
➡️ The rally in BTC is largely driven by growing interest from both institutional and retail investors, as evidenced by consistent inflows into ETF funds and a sharp rise in open interest (OI) in futures contracts, which has climbed to $85 billion.
Personal opinion:
➡️ BTC is starting to show signs of decline amid profit-taking by investors after the coin was overbought.Today will be a corrective decline for BTC
➡️ Analysis based on important support resistance and Fibonacci levels combined with EMA to come up with a suitable strategy
Personal plan:
🔆Price Zone Setup:
👉Sell BTC 118,300 - 118,500
❌SL: 119,000 | ✅TP: 117,000
FM wishes you a successful trading day 💰💰💰
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