Bitcoin Important Update
*Key Points*
1. *7% Drop*: Bitcoin experienced a 7% drop after touching the 102000 area.
2. *Supports and Resistances*: Analyzing supports and resistances on all time frames is crucial.
*1-Day Time Frame Analysis*
1. *Horizontal Supports*: 94000 and 90000 are key horizontal support levels.
2. *Strong Structural Support*: A robust structural support is present.
3. *EMA & MA Supports*:
1. *EMA50 Daily Support*: 94000
2. *EMA7 Weekly Support*: 95000
*Action Plan*
1. *Avoid Big Leverage Future Trades*: Refrain from opening large leverage future trades.
2. *Accumulate Good Projects in Spot*: Focus on accumulating promising projects in spot markets.
*Trading Considerations*
1. *Risk Management*: Manage risk by setting stop-losses and taking partial profits.
2. *Support Levels*: Monitor support levels at 94000, 90000, and EMA50 daily support.
3. *Market Sentiment*: Keep an eye on market sentiment and adjust your strategy accordingly.
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