Bitcoin with long sl
Based on this Bitcoin chart, the price is currently around $68,240. It appears to be testing a resistance trendline that slopes downward, potentially indicating a bearish trend over the observed period. If the price fails to break above this resistance, it may continue to fall, with a possible support level around $60,179. A break below this support could lead to further downside, while a break above the trendline might signal a reversal or continuation of an upward trend.
A stop loss (SL) could be set slightly below the support level for a bullish position to manage risk. For a bearish position, an SL could be placed just above the resistance line.
A stop loss (SL) could be set slightly below the support level for a bullish position to manage risk. For a bearish position, an SL could be placed just above the resistance line.
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