BTCUSD is expected to bounce back to 11700 resistance zone after breaking through the first support at 50% Fibo level and it is now heading for the second support at 32.8% Fibo level which is also a confluence zone. This is not a trading advice, but rather an educational tool to understand the forex market. Trading involves high risk and you may lose your capital if diligence and discipline is not practiced.
Note
We missed the entry point. However, the pair almost touched the 8229.2 zone before reversing back up. For those trading crypto can manually go long with it.
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