Bitcoin Short Term: technical rebound in a bearish trend.

Bitcoin (BTC/USD)
+291.70+0.46%
long positions above 61100 with targets at 73930 & 77430 in extension.
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Pivot: 61100

Our preference: long positions above 61100 with targets at 73930 & 77430 in extension.

Alternative scenario: below 61100 look for further downside with 55330 & 51890 as targets.

Comment: a support base at 61100 has formed and has allowed for a temporary stabilisation.

Supports and resistances:
80930 ***
77430 **
73930 ***
64069 Last
61100 ***
55330 **
51890 ***

Disclaimer: References, analysis and trading strategies are provided by the third-party provider, Trading Central, and the point of view is based on the independent assessment and judgment of the analyst, without considering the investment objectives and financial situation of the investors. All strategic opinions do not constitute investment advice or recommendations and are for references only. Our company also does not guarantee the accuracy of the strategic views and does not take any responsibility for the negative results caused by the trading strategies.
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