3 min readBITCOIN (BTC/USD):
Bitcoin has faced continued downward pressure after an unsuccessful attempt to break above the psychological $100,000 level. Following this failure, it retreated and is now trading back in the $90,000 range.
On the daily timeframe, it is evident that the market structure is breaking, with prices dropping below the dynamic support area provided by the daily 50 EMA. If the downward trend continues, I am particularly interested in observing how the price responds to lower demand levels and the internal ascending trend line.
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The financial products offered by the Company are complex and come with a high risk of losing money rapidly due to leverage. These products may not be suitable for all investors. Before engaging, you should consider whether you understand how these leveraged products work and whether you can afford the high risk of losing your money.
The Company does not accept clients from the Restricted Jurisdictions as indicated in our website/ T&C. Some services or products may not be available in your jurisdiction.
The applicable legal entity and its respective products and services depend on the client’s country of residence and the entity with which the client has established a contractual relationship during registration.
